Cryptocurrency funds attracted $19 million of new money last week, suggesting investors are cautiously adding to positions, with prices depressed compared with year-end levels AngeliqueChen07 reports
Investors put $19 million into crypto funds during the seven days through Jan. 28, the second straight week of inflows.
Crypto funds saw inflows of $19 million during the seven days through Jan. 28, according to a report Monday from the digital-asset manager CoinShares. Investors put some $14 million into crypto funds during the prior week – reversing five straight weeks of redemptions that totaled $532 million. Notably, some $22.1 million flowed into bitcoin-focused funds last week, while Ethereum-focused funds suffered outflows of $26.8 million.
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