Bullish Return: Institutional Investors Pour $1.44 Billion Into Crypto In One Week

Bullish Return: Institutional Investors Pour $1.44 Billion Into Crypto In One Week
Crypto investment products have experienced another week of inflows to build upon inflows witnessed in the prior week. According to data from CoinShares, digital asset investment products recorded $1.44 billion worth of inflows last week, which is a further indication of the return of bullish momentum into the crypto industry. This brings the total inflow to $1.881 billion over a two-week period after three consecutive weeks of outflows. With last week’s numbers, the total value of inflows into crypto investment funds this year now stands at a record $17.8 billion. Bullish Return Among Institutional Crypto Investors The latest data shows that crypto investment products are starting to reflect the overall change in market sentiment. As noted by CoinShares’ latest weekly report, this change into bullish sentiment has allowed digital investment products to further surpass the $10.6 billion inflow received during the 2021 bull market.  Related Reading: JPMorgan Says Crypto Liquidations Will End And Bitcoin Bull Market Will Begin, Here’s When Last week’s inflows amounted to $1.44 billion, which is the 5th largest weekly inflow on record. Unsurprisingly, Bitcoin received ..

Support the originator by clicking the read the rest link below.