Crypto funds raked in $2B last week, pushing 3-week haul to $5.5B
Cryptocurrency investment products attracted $2 billion in new inflows last week, according to the European investment firm CoinShares.
Global crypto exchange-traded products (ETPs) have added $5.5 billion in inflows in the past three weeks, according to the latest weekly report from CoinShares.
With the new inflows, total assets under management (AUM) in all crypto ETPs worldwide jumped 3.3% from $151 billion to $156 billion.
Although the positive trend has continued for the past three weeks, the latest weekly inflows were down 41% from last week’s $3.4 billion of inflows — the third-largest crypto ETP inflows on record.
Inflows slowed down despite new Bitcoin gains
The slowdown in crypto ETP inflows came despite Bitcoin (BTC) seeing…
