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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…