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Risk-off Sentiment Incoming, but Crypto Investment Products Aren’t Listening

From blockworks.co

Digital asset investment products clocked their fourth straight week of inflows last week, with $76 million pouring into the asset class, according to data from CoinShares. Year-to-date inflows for crypto investment vehicles now total $230 million, “highlighting a decisive change in investor sentiment,” James Butterfill, head of research at CoinShares, wrote in a report released Monday. Total investment assets under management in the crypto space have increased nearly 40% since the start of the year, according to Butterfill. Bitcoin was the most popular asset, making up 90% of total flows for the week, as investors ... (full story)

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  • Category: Fundamental Analysis