Crypto funds saw over $120 million in inflows last week

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Crypto funds saw over $120 million in inflows last week
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Over the last two weeks, more than $300 million has poured into crypto asset management products.

Stay updated on Pro Crypto Ecosystems news by locking ACS tokens with The Block.No wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Weekly inflows into crypto asset management products were strong for the second week in a row, with CoinShares reporting $125 million coming into the industry last week.

That brought total inflows into such products to $334 million over the past two weeks, according to the European asset manager.Bitcoin investment products accounted for the vast majority of inflows, with more than 98% of the funds tied to the largest cryptocurrency by market capitalization.The past two weeks of inflows marked a swift turnaround for the sector, which up until the middle of June saw several weeks of outflows.

© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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