Institutional Crypto Investors Show Resilience, BTC Inflows Surge

With weekly institutional inflows of $17 million, BTC remained the preferred crypto asset of investors last week. The crypto market showed some resilience lately in terms of institutional investment.

While equity markets around the world have taken a major hit in the last week, digital assets like BTC and ETH have experienced strong gains. BTC has spiked by more than 16% within the last 7 days, compared to a marginal increase of 2% in the S&P 500.

With growing prices, institutional investors shifted their focus towards alternative assets and BTC gained immense traction as a result. Overall, institutional investors poured $36 million into crypto investment products, and BTC alone accounted for nearly 50% of the overall inflows.

“Digital asset investment products saw inflows totaling US$36m last week despite the ongoing turmoil in Eastern Europe and the anticipated negative sentiment. Interestingly, volumes in Bitcoin crypto exchanges that trade the RUB/USD pair have seen volumes rise by 121% week-on-week. Bitcoin saw inflows totaling US$17m last week, entering its 5th consecutive week of inflows totaling US$239m. Ethereum saw minor inflows totaling US$4.2m,” CoinShares highlighted in its digital asset fund flows report.

Among altcoins, Tezos made a surprise entry last week with institutional inflows of $4.4 million. In total, multi-asset investment products attracted inflows worth $14 million in the last week.

Regional Crypto Flows

According to CoinShares, weekly crypto institutional inflows were heavily dominated by the digital asset management firms in the American region. “Regionally, flows have been, one-sided, with the Americas seeing inflows (notably Canada & Brazil) totaling US$95m while European investment products saw outflows totaling US$59m last week,” the report added.

The total value of global digital assets under management stood at $50 billion last week. BTC represented nearly 66% of international crypto AUM. Ethereum’s price has faced challenges lately and as a result, ETH-related digital assets under management dropped below $12 billion last week.