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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

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