Bitcoin crash puts a dent into crypto fund inflows: Report
livemint.comDigital asset investment products or crypto funds saw inflows totalling $184 million last week (till 3 December), although sharp price weakness at the end week did lead to $40 million outflows late Friday, according to digital asset manager CoinShares. However, overall inflows suggest that investors continued to see recent price weakness as a buying opportunity.
Bitcoin opened last week at $54,815 and rallied to a high of $59,041, before plummeting to a low of $45,032 on Saturday, showing a more than 30% fall. The crypto market has witnessed a major sell-off over the past few sessions amid spiking inflation forcing central banks to tighten monetary policy.
Bitcoin saw inflows totalling $145 million last week however, it suffered at the end
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