Amid crypto bear market, institutional investors scoop up Bitcoin: CoinShares By Cointelegraph

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Amid crypto bear market, institutional investors scoop up Bitcoin: CoinShares

Digital asset investment products registered positive inflows last week, though the gains were mainly concentrated in (BTC) funds, signaling a more cautious approach to crypto allocation on the part of institutional investors.

Bitcoin investment products saw cumulative inflows totaling $126 million in the week ending Saturday, according to the latest fund flows report from CoinShares. Year-to-date, Bitcoin investment funds have quietly added $506 million in net inflows.

June 6, last week and last month: Bitcoin’s Fear & Greed Index has been in extreme-fear territory.