Cryptocurrencies post inflows in latest week, led by bitcoin – CoinShares

Cryptocurrencies post inflows in latest week, led by bitcoin - CoinShares

Cryptocurrencies post inflows in latest week, led by bitcoin – CoinShares

Information about Cryptocurrencies post inflows in latest week, led by bitcoin – CoinShares

Kevin David Scam or Legit


By Gertrude Chavez-Dreyfuss
NEW YORK (Reuters) – Cryptocurrency products and funds posted inflows in the latest week, with investors undeterred by the latest price corrections, weekly data from digital asset manager CoinShares showed on Monday.
Institutional investors poured in $154 million in the crypto sector in the week ended Nov. 19, with a year-to-date total of $9.2 billion, already exceeding total inflows of $6.7 billion in 2020.
Bitcoin got the lion’s share of inflows with $114.4 million, equivalent to 74% of the total. So far this year, total inflows into bitcoin products and funds hit $6.7 billion.
The inflows came despite a 10.4% drop in bitcoin last week. On Monday, bitcoin was down 4.5% at $56,042. The world’s largest cryptocurrency hit a record high of $69,000 on Nov. 10.

Read More on Datafloq

Breaking Story – Cryptocurrencies post inflows in latest week, led by bitcoin – CoinShares

The Latest News on Cryptocurrencies post inflows in latest week, led by bitcoin – CoinShares

Source link
Category – Automation

Leave a Reply

Your email address will not be published. Required fields are marked *