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Is the bottom in? Institutional crypto funds record second week of inflows

Published 01/31/2022, 03:30 PM
Updated 01/31/2022, 05:00 PM

After recording heavy outflows at the start of 2022, cryptocurrency investment funds have seen a gradual uptick in investor demand over the past two weeks, offering cautious optimism that the worst of the market downturn had passed.

Digital asset investment products saw $19 million worth of cumulative inflows last week, according to CoinShares. Bitcoin (BTC) and multi-asset funds led the gains with $22 million and $32 million worth of inflows, respectively.

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