Bitcoin Investment Products See Net Inflows of $20.4 Million!

Crypto Live News

Author: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

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Digital asset investment products experienced a surge in inflows last week, breaking a six-week dry spell. According to CoinShares, a total of $21 million flowed into these products, driven largely by bitcoin investment products, which saw net inflows of $20.4 million. The influx of funds was attributed to steadily rising bitcoin prices, which have increased in the wake of Elon Musk’s recent endorsement of the cryptocurrency. Last week’s inflows represent a sharp recovery from the outflows that had plagued the digital asset market over the past few weeks.

Source: https://coinpedia.org/crypto-live-news/bitcoin-investment-products-see-net-inflows-of-20-4-million/