The Russian-Ukraine conflict has sent anxieties through the stock and cryptocurrency markets, bringing back high volatility. International investors have been increasing their interests in crypto funds and businesses, according to the recent data from Fundstrat. During the last three weeks of February 2022, Venture Capital purchasers spent more than USD 4 billion. Moreover, last week only, VCs invested $400 million in crypto firms.
As per the data, there have been huge withdrawals from securities and real estate. According to Refinitiv Lipper data, on March 9 U.S. investors took out $7.8 billion out of the market. During this time, real estate funds lost $700 million in outflows.
SFOX’s chief executive officer, George Melka, explained that “crypto native startups continue to raise funds at exorbitant valuations, and many fundraising rounds remain oversubscribed.” “Crypto startup valuations are, in fact, among the greatest I’ve seen,” he added.
Standard financial market participants are also jumping on the crypto bandwagon. Bain Capital Ventures declared last week that it will establish a $560 million fund devoted specifically to crypto investments. Despite the volatility, Bitcoin and other cryptocurrencies are up 10% since bottoming out on February 24.
Despite the volatility, Bitcoin and other cryptocurrencies are up 10% since bottoming out on February 24.