According to the latest report published by CoinShares, during the second half of March, institutional investors have started investing in crypto-related funds again, reaching their highest level in the last three months.
According to the report, European funds have shown the most activity. While during the first half of March, capital mainly abandoned cryptocurrency-oriented products, investors are now returning to digital assets amid an improvement in the spot market situation.
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In particular, Bitcoin and Ethereum have started to rise in price a few days ago. Yesterday, the leading crypto surpassed $47,000 for the first time since last January 3.
Last week, as of March 25, institutional investors invested a total of $193 million in crypto funds. European firms and hedge funds invested $147 million in cryptocurrency-oriented products.
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Institutions sent $97.8 million and $10.2 million respectively into Bitcoin and Ether, while $5.5 million was withdrawn from funds focused simultaneously on several digital assets.
Meanwhile, Cardano and Polkadot funds raised a total of $1.8 million and $1.2 million.