2021-06-02 08:00:00

Inflows to Digital Asset Funds Recover, Driven by Altcoins

Net inflows into digital asset funds totaled a relatively tepid $74 million last week after a month of volatility in cryptocurrencies sent investors off to the sidelines. The latest positive, albeit anemic, figure follows record outflows for the previous two weeks totaling $151 million.

However, demand for altcoin investment products is picking up, suggesting investors are starting to diversify outside of bitcoin funds, according to a report published by CoinShares on Tuesday.

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