Investors turn to crypto funds, companies as Russia-Ukraine crisis escalates

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Reuters

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Global investors are scooping up stakes in cryptocurrency funds and companies, as they seek exposure to a sector many believe could withstand the fallout from the Russia-Ukraine conflict. Research firm Fundstrat, in its latest note to clients, said venture capital (VC) buyers invested around $4 billion in the crypto space in the last three weeks of February. VCs poured in another $400 million to start-ups in the sector last week, data showed. The VC investment is consistent with broad weekly inflows. Since the beginning of the year, weekly inves…

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