Large funds are no smarter than ordinary unqualified investors

A new update from the major crypto investment funds shows that institutional investors ‘ interest was mainly in ethereum (ETH) and ripple (XRP) funds last week. Coinshares shows with the figures that it remains relatively calm with this group of investors, however, just like the previous 7 weeks.

For 8 weeks in a row, little has been happening with crypto funds

Last week, $15.6 million flowed out of the major crypto investment funds of parties such as Grayscale and Coinshares. The counter for the entire month of november thus comes to an outflow of $19 million. That sounds like big sums, but James Butterfill of Coinshares says about it:

“Inflows and outflows remain very low compared to history, with a slump period now lasting 8 weeks.”

The Overview also explains per crypto how the funds performed in terms of inflows and outflows. Thus, the bitcoin (BTC) funds saw an outflow of $13.2 million. Ethereum funds just welcomed $2.7 million in new money from institutional investors, after a 4-week period of outflows.

Investors in Germany and Switzerland in particular apparently felt comfortable enough to invest more money in crypto funds again. From Germany, $4 million flowed to the funds, and from Switzerland, $6.8 million.

Ripple (XRP) funds saw inflow

Remarkably, for the third week in a row, more money flowed to the large XRP funds. This is while the Ripple company is involved in a lawsuit. The $1.1 million inflow last week suggests the following, according to Butterfill:

“XRP saw an inflow for the 3rd week totaling $1.1 million, implying investor confidence has improved as the SEC case against Ripple looks increasingly vulnerable.”

In the latest XRP news, however, it could be read that the crypto project LBRY has lost its lawsuit against the SEC. This case has been compared by many to the Ripple lawsuit, and the loss could therefore mean negative news for Ripple. However, the company’s lawyer does not believe that the court will take this case so quickly in its ruling.