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.
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.
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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