Crypto Investment Products See $199 Million Inflows: Bitcoin Contributes 94%
Riding on the ETF hype wave, the crypto market noted renewed activity over the past week. Several new participants stepped into the market, while the existing ones also kept the wheel rotating by buying assets. Institutions registering positive flows during the same period were just the cherry on the cake. Please enable JavaScript Cryptocurrency, NFTs, The Savage Meltdown of June 2022: Who Emerges Successfully? Observations from NFT According to CoinShares’ latest weekly report, crypto and other digital asset investment products noted their “largest” single weekly in flows since July 2022. The same summed up to $199 million. In effect, almost half of the prior 9 consecutive weeks of out flows have now been corrected already. Source: CoinShares Also Read: With Ethereum at $1.9k, Exchange Balance Drops to ‘All Time Low’ Goes without guessing that Bitcoin was the biggest beneficiary last week. Around 94% of the in flows , i.e. 188 million, were registered by BTC. The multi-asset basket...