2 years ago
Cryptocurrency funds attracted inflows for the 2nd consecutive week, with astir each of the caller concern going into European funds.
Digital-asset funds saw $180 milion of nett inflows successful the 7 days done April 1, according to a CoinShares study published Monday. The magnitude represented a diminution from a revised $244 cardinal of inflows reported for the anterior week, CoinShares said.
About 99% of the inflows went into European funds, with the remainder into Americas-based funds.
Broken down by money providers, ETC Group led with an inflow of $87 million.
Purpose Bitcoin ETF suffered an outflow of $43 million, widening from the $16 cardinal of redemptions the anterior week. This is the 4th week Purpose has experienced outflows since a $130 inflow successful the week done March 4.
Short-bitcoin concern products, which make instrumentality based connected the reverse terms enactment of bitcoin (BTC), saw an inflow of $9 million, denoting a sentiment against the wide trend.
$144 cardinal flowed into bitcoin-focused funds, $23 cardinal went into Ethereum (ETH)-focused funds. Solana-focused funds saw inflows of $8.2 million, down from of $87 cardinal the week before.
Cardano-focused funds saw inflows of $1.8 million, the aforesaid arsenic the week before.
CoinShares revised the anterior week's inflows to $244 million, from a antecedently reported $193 million.
DISCLOSURE
The person successful quality and accusation connected cryptocurrency, integer assets and the aboriginal of money, CoinDesk is simply a media outlet that strives for the highest journalistic standards and abides by a strict acceptable of editorial policies. CoinDesk is an autarkic operating subsidiary of Digital Currency Group, which invests successful cryptocurrencies and blockchain startups. As portion of their compensation, definite CoinDesk employees, including editorial employees, whitethorn person vulnerability to DCG equity successful the signifier of stock appreciation rights, which vest implicit a multi-year period. CoinDesk journalists are not allowed to acquisition banal outright successful DCG.
Angelique is simply a marketplace contributor astatine CoinDesk.
Sign up for First Mover, our regular newsletter putting the latest moves successful crypto markets successful context.
By signing up, you volition person emails astir CoinDesk merchandise updates, events and selling and you hold to our terms of services and privacy policy.
English (US) 