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CoinShares announced the resumption of the flow of funds to crypto funds


The inflow of funds into investment products based on cryptocurrencies from April 23 to 30 amounted to the maximum since February of $ 489 million, according to the digital asset management company CoinShares.

Dynamics of weekly flows to crypto funds. Data: CoinShares.

The largest volume of investments went to products based on bitcoin – $ 441.7 million; in second place is Ethereum with $ 30.2 million. Funds associated with Bitcoin Cash recorded an outflow of funds in the amount of $ 1.7 million.

Dynamics of flows to crypto funds by asset type. Data: CoinShares.

CoinShares noted strong buying activity by North American-based funds, while their European competitors faced selling from investors.

“We see that some investors have increased their risk after bitcoin’s transition to range trading, while others have capitulated by taking profits.”, – commented in the company.

Recall that in the first quarter of 2021, the inflow of funds into investment products based on cryptocurrencies amounted to a record $ 4.5 billion.

In April, it became known that German funds for institutional clients will be able to invest up to 20% of assets in cryptocurrencies from July 1.

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Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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