institutional investors seem to have lost interest in cryptocurrencies even though bitcoin btcusd gained almost 75 of its value this year according to northern trust corps ntrs head of digital assets and financial markets what happened justin chapman the head of digital assets and financial markets at northern trust told cnbc that the appetite for crypto assets hasnt come back yet see more is bitcoin a good investment chapman said that institutions have shifted their focus to cryptocurrencys underlying blockchain technology but his firm has capabilities in place if client interest in digital assets rebounds just after march the crypto market went off a cliff…the client interest has definitely gone off the same cliff in terms of institutional interest in cryptocurrencies chapman said its definitely quiet now since 2022 from the institutional side…even the hedge funds who are pretty active in the markets have certainly reduced their exposure within that particular space why it matters bitcoins regulatory crackdown in the us as well as the banking crisis has brought back volatility to the market though it still struggles to break above the 30000 level chapman said were not focused that much on the asset class because the client isnt at the moment…it certainly lost its shine from the institutional perspective price action at the time of writing btc was trading at 29226 up 059 in the last 24 hours according to benzinga pro read more bitcoin ethereum dogecoin trade mixed ahead of key jobs data analyst predicts new high for apex crypto above this level