@BOMBERuss 20 December 2021 more from that month

The negative trend dominating the digital currency market has led to a sharp deterioration in the attractiveness of innovative instruments in the eyes of institutional investors. According to CoinShares, for the first time in the last 17 weeks, crypto funds have faced an outflow of capital. The institutions withdrew $142 million from them. Yes, the largest exit of institutional capital from the cryptosphere was recorded in early June 2021. Then asset management companies withdrew $97 million from funds focused on digital assets. In annual terms, the withdrawal of funds amounted to only 0.23% of the total amount of capital that entered the cryptosphere. At the same time, researchers note that since the beginning of the year, institutions have invested up to $9.5 billion in crypto funds – this is a record amount. The previous maximum was recorded in 2020 ($6.7 billion). Bitcoin funds lost the lion's share of capital last week ($89 million). Institutions withdrew almost $64 million from ethereum funds, but products focused on Solana (SOL) and Polkadot (DOT), on the contrary, were able to attract $6.7 million and $2.5 million, respectively.