Inflow of funds to crypto asset funds decreases, profit-taking sales strengthen
The inflow of funds into digital asset funds fell by about $ 116 million from the previous week to $ 373 million last week. Profit-taking sales have strengthened, especially among some investors. Cryptocurrency management company CoinShares revealed in a report released on the 10th.
There was a certain inflow of funds for the week leading up to May 7, but “profit-taking sales intensified and the outflow of funds continued.”
Bitcoin (BTC) received $ 290 million worth of money this week. Meanwhile, demand for Ethereum-related investment products remains strong, with an inflow of $ 60 million. The balance of assets under management reached a record high of $ 16.5 billion.