Bitcoin Dominates $644M Crypto Fund Inflows—But Ethereum Sees Major Pullback
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure
The latest weekly crypto asset fund flows report from CoinShares shows a significant turnaround in sentiment. According to the European digital asset manager, crypto investment products recorded $644 million in inflows last week, ending a five-week streak of outflows.
This recovery follows a prolonged period of bearish sentiment, with the last instance of sustained inflows occurring more than a month ago.
Bitcoin Leads Recovery as Ethereum Sees Largest Outflows
James Butterfill, Head of Research at CoinShares, noted that “total assets under management have risen by 6.3% from their low…