Streak of Inflows into Crypto Products Highest Since 2021
For the fourth consecutive week, crypto funds had net inflows, totaling $742 million in the past month - the highest level in nearly two years. Bitcoin products accounted for 99% of the inflows last week. On the other hand, products shorting Bitcoin have seen 12 weeks of outflows. Total trading volumes across all crypto investment products eclipsed $2.3 billion last week, well outpacing this year’s average.
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Streak of Inflows into Crypto Products Highest Since 2021
For the fourth consecutive week, crypto funds had net inflows, totaling $742 million in the past month - the highest level in nearly two years. Bitcoin products accounted for 99% of the inflows last week. On the other hand, products shorting Bitcoin have seen 12 weeks of outflows. Total trading volumes across all crypto investment products eclipsed $2.3 billion last week, well outpacing this year’s average.