<![CDATA[In a week, institutions withdrew $47 million from crypto funds]]> https://usagag.com/2022/03/23/in-a-week-institutions-withdrew-47-million-from-crypto-funds/ Wed, 23 Mar 2022 16:28:00 +0000 hourly 1 https://usagag.com In a week, institutions withdrew $47 million from crypto funds The first increase in the Federal Reserve System's discount rate since 2018 was a watershed moment for the world economy last week. As a result, the US regulator hopes to lower inflation, which is rapidly rising amid the tensions.

Institutional investors withdrew nearly $47 million from crypto funds between March 14 and March 18, according to a CoinShares study. The outflow of funds from digital currency-focused goods has been noticed for the second week in a row, according to the experts.

Institutional investors withdrew over $110 million from crypto funds a week ago. The largest investors, on the other hand, had been investing in such products for seven weeks in a row prior to that, according to the research.

Outflows from Bitcoin (BTC) and Ether (ETH)-focused funds totaled $33 million and $17 million, respectively.

Most other cryptocurrency funds, on the other hand, saw a tiny inflow of capital last week.

"We believe the negative attitude in North America is due to greater regulatory uncertainty and geopolitical concerns," said CoinShares analysts.

-------

Related Video:

]]>