Crypto Funds Maintain Inflows Above $1 Billion Per Week
Cryptocurrency funds attracted $1.04 billion from June 28 to July 4. The value of assets under management (AUM) reached a record $188 billion, according to a report by CoinShares.
The trend of investment inflows into crypto funds has continued for the twelfth consecutive week since April.
The trading volume for the reporting period was $16.3 billion, remaining roughly in line with the average weekly figure since the beginning of the year.
Bitcoin-based investment products attracted $790 million in early July, which is less than the previous three weeks when inflows averaged $1.5 billion. The slowdown in inflows points to growing caution among investors as Bitcoin approaches its all-time high, according to CoinShares analysts.
Ethereum…
