Cryptoverse: Big investors edge back to bitcoin

Soegeefx AppsCrypto MarketCryptoverse: Big investors edge back to bitcoin

Big investors are dipping their toes into crypto waters again after a bumper month for bitcoin.

Digital asset investment products, often favored by institutional investors, saw inflows of over $117 million last week, the biggest weekly increase since last July, according to data from asset manager CoinShares.

Bitcoin was far and away the biggest draw, with funds tracking it responsible for $116 million of that. Crypto funds’ total assets under management have risen to $28 billion, up 43% from lows plumbed in November as the collapse of the FTX exchange sent shockwaves through the industry.

Source: Reuters

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