Express

Fund Managers Bought On Dips And Allocated $154 Million Into Crypto Funds Last Week

Mary Liu

Summary: According to the weekly digital asset fund report released by CoinShares, although the price of Bitcoin dropped by nearly 12% last week, it did not affect positive market sentiment.  Institutional managers bought on dips, and the total inflows of crypto funds last week reached $154 million. Among them, the Bitcoin fund saw the largest inflows with $114 ...

According to the weekly digital asset fund report released by CoinShares, although the price of Bitcoin dropped by nearly 12% last week, it did not affect positive market sentiment. 

Institutional managers bought on dips, and the total inflows of crypto funds last week reached $154 million. Among them, the Bitcoin fund saw the largest inflows with $114 million, and the total inflow of the Ethereum fund was $14 million. 

Since the beginning of 2021, institutional investors have allocated more than $6.6 billion to Bitcoin funds and $1.17 billion to Ethereum investment products.

By Mary Liu

Last Update:

Tags: ,,,
Link: Fund Managers Bought On Dips And Allocated $154 Million Into Crypto Funds Last Week   [Copy]
Next:

Related Articles

  • S&P 500 Enters Key Turning Point Window; A Cautious "Wait-and-See" Approach is Adv... 15 hours ago
  • Why a "One-Size-Fits-All" Approach to Stablecoin Issuance Fails Given Diverse Fiat Curr... 2 days ago
  • BitFuFu’s VP on Mining Leadership, Corporate Crypto Treasuries, the Stablecoin Act, and... 6 days ago
  • BTC Weekly Outlook: A Bullish Week, but Signs Point to a Shift to Defensive Play 8 days ago
  • Figma's IPO Triumph and Crypto Bet: How a Design Disruptor Stunned Wall Street After a ... 18 days ago

    • You need to login to comment.