Crypto Funds See Inflows for First Time in a Month
- Crypto digital asset products took in $441 million last week
- Investors took advantage of low crypto prices across the board
Bitcoin digital funds led the pack with nearly $400 million in inflows.
Photographer: David Lombeida/BloombergDigital asset investment products had positive inflows for the first time in a month after the prices of cryptocurrencies across the board dropped to their lowest levels in months.
Crypto digital asset products saw inflows totaling $441 million in the week ended July 5, CoinShares International Ltd. data show, a significant rebound from the $39 million in outflows the week prior. The major crypto products that CoinShares tracks were overall in the green last week.