Institutional investors invested about $8.8 million in Bitcoin-focused crypto funds last week, according to analysts from CoinShares.
They have noted that big capital has been entering this instrument for the past five weeks in a row. Since the beginning of the year, the net inflow of institutional money into BTC funds has amounted to $291 million.
However, most investors are still skeptical about the medium-term prospects of BTC. Therefore, interest in crypto funds remains weak.
The spot market also remains uncertain. After the release of US inflation data at the end of last week, Bitcoin has fallen below $18,200.
