Profit taking? Institutional Crypto Funds Inflows Down 97% In Three Weeks
Capital inflows to crypto funds and investment products plummeted during the first week of January after hitting new all-time highs in late December. According to the crypto fund manager CoinShares’ January 11 digital asset cash flow report, the first week of trading of the new year saw a flow of just $ 29 million in institutional crypto products. That’s a decrease of more than 97% from the $ 1.09 billion invested during the week before Christmas. Volumes are likely to have been moderated by traders taking vacations in the new year. Capital Flows to Digital Asset Investment Products: CoinShares Continue reading on Coin Telegraph
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