Bitcoin and Ethereum Dominate $3.3B Crypto Inflow Wave Amidst Rebound
Investor confidence in Bitcoin saw a powerful comeback as the asset drew $2.4 billion in inflows. This figure is its biggest weekly tally since July. Meanwhile, short-Bitcoin products lost ground, with outflows trimming their assets under management to $86 million.
Ethereum also benefited from the change in sentiment. After eight days of consistent withdrawals, it posted four straight days of inflows last week, which added up to $646 million.
Altcoins Join the Party
According to the latest edition of CoinShares’ Digital Asset Fund Flows Weekly Report, following weaker US macroeconomic figures, digital asset products shifted back to inflows and collected $3.3 billion last week. The rally in prices toward week’s end…
