Cryptocurrencies show net inflows last week despite price declines

Cryptocurrencies show net inflows last week despite price declines

Cryptocurrencies show net inflows last week despite price declines

Information about Cryptocurrencies show net inflows last week despite price declines

Kevin David Scam or Legit


By Gertrude Chavez-Dreyfuss
NEW YORK (Reuters) – Cryptocurrency products and funds posted net inflows of $88 million last week, data from digital asset manager CoinShares showed on Monday, amid a mixed investment flows picture in a week that saw a drop in prices.
Inflows so far this year added up to a still robust $9.5 billion with two more weeks to go for 2021. In 2020, total crypto inflows were $6.7 billion.
Bitcoin recovered a bit last week, posting a slim 1.3% gain for the period after a steep 14% selloff the previous week.
CoinShares data showed that bitcoin managed to show inflows of $51 million, its 13th straight week of inflows that puts its year-to-date net total to $6.5 billion.

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