Crypto asset manager and research firm CoinShares says institutional investors poured millions of dollars into altcoin digital asset investment products last week.
In its latest Digital Asset Fund Flows Weekly Report, CoinShares says crypto products enjoyed inflows last week after record-setting levels of outflows.
“Digital asset investment products saw US$226m of inflows last week suggesting a positive but cautious investor. Following the largest outflows on record, ETPs have seen 9 consecutive trading days of inflows.
Last Friday was the exception, seeing minor outflows totaling US$74m, likely in reaction to core personal consumption expenditure in the US coming in above expectations, implying the US Federal Reserve is likely to remain hawkish despite recent data alluding to weak growth.”
Source: CoinShares
Bitcoin (BTC) products, as usual, led
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!