Crypto inflows slump after December record - report
3 years, 11 months ago

Crypto inflows slump after December record - report

The Hindu  

Investment flows into cryptocurrency funds and products were just $29 million in the first week of January, down sharply from a record $1.09 billion in the week before Christmas, according to the latest data on Monday from asset manager CoinShares. Bitcoin plunged more than 19% on Monday, putting it on track for its biggest one-day drop since March as its surge to a record $42,000 last week lost steam. The data showed that investors pumped $15.6 billion into bitcoin products and funds in 2020, while Ethereum inflows reached nearly $2.5 billion. Assets under management in Grayscale, the world's largest crypto fund, rose to a record $28.2 billion as of last week.

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