Investors put money into cryptocurrency funds for a second straight week as the bitcoin market stabilized following one of its worst-ever starts to a year.
Crypto funds saw inflows of $19 million during the seven days through Jan. 28, according to a report Monday from the digital-asset manager CoinShares.
Investors put money into cryptocurrency funds for a second straight week as the bitcoin market stabilized following one of its worst-ever starts to a year.
Crypto funds saw inflows of $19 million during the seven days through Jan. 28, according to a report Monday from the digital-asset manager CoinShares.
Investors put some $14 million into crypto funds during the prior week – reversing five straight weeks of redemptions that totaled $532 million.
Bitcoin (BTC) is down 17% so far this year, changing hands around $38,500 at press time. The price is still well off the all-time high around $69,000 reached in November 2021.
Notably, some $22.1 million flowed into bitcoin-focused funds last week, while Ethereum-focused funds suffered outflows of $26.8 million.
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