Institutional interest in crypto funds has dropped to its lowest level since 2018

At the end of 2022, Bitcoin fell in price by more than 60%, and the market decline weakened the interest of institutional investors in crypto funds.

✅ The total inflow of capital into these instruments last year amounted to $433 million. This is the minimum since 2018: then institutions invested only $233 million in crypto funds, reports CoinShares.

✅ Bitcoin funds raised $287 million, and Ethereum experienced a capital outflow of $402 million.

✅ Funds focused on Litecoin (LTC) and Polygon (MATIC) received $2 million and $1 million, respectively.

✅ Solana funds, despite the collapse of FTX, raised $121 million.

✅ Curiously, the problems of Ripple could not neutralize the investment attractiveness of XRP. According to CoinShares, XRP funds received $32 million from institutions last year, the highest performance in five years.