Crypto Funds See Modest $176M Inflows, with Ethereum Benefiting the Most
According to the latest report from CoinShares, the crypto sector has seen a modest $176 million inflow of capital after last week’s $528 million outflow.
Key points:
- Crypto fund inflow hit $176 million as investors realized the buying opportunity.
- Ethereum attracted $155 million in inflows last week.
- Year-to-date inflow hits $862 million.
- Bitcoin weekly inflows stand at $13 million.
The report shows that investors utilized last week’s price dip to buy. CoinShares also highlighted that total assets under management of investment products fell to $75 billion. However, it has now recovered to $85 billion.
The trading volume touched $19 billion for the week, which is higher than the weekly average of $14 billion.
Also read; Ethereum ICO Participant Moves 48,500 ETH To OKX
Ethereum benefits the most
According to the data, Ethereum has benefited the most from last week’s correction. Ethereum enjoyed $155 million in inflows in the last week, which brings YTD inflows to $862 million.
Bitcoin, on the other hand, began with outflows. However, BTC enjoyed inflows in the final days, which brought weekly inflows to $13 million.
Also read: OKX to Close Accounts That Interact with Tornado Cash
CoinShares also pointed out that every region saw inflows last week. Primarily, USD, Switzerland, Brazil and Canada recorded $89m, $20m, $19m and $12.6m in inflows, respectively.
