Cryptocurrencies post net inflows last week, but outflows seen on Friday: CoinShares
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economictimes.indiatimes.comCryptocurrency products and funds received $184 million in net inflows as of last week, data from digital asset manager CoinShares showed on Monday. Friday's price weakness, however, did lead to $40 million outflows that day, CoinShares said. For the year, total inflows amounted $9.1 billion, slightly below the record peak of $9.5 two weeks ago.Bitcoin, meanwhile, attracted $145 million net, its 12th straight week of inflows. It did see outflows of $42 million on Friday, as it bore the brunt of investor jitters amid sharp price declines.
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