Traditional investors continue to bet big on crypto despite recent market drawdown

Cryptocurrencies Notizia

Traditional investors continue to bet big on crypto despite recent market drawdown
Bitcoin,Ethereum

CoinShares’ report on Monday showed that crypto ETFs experienced over $1.44 billion in net inflows last week as most traditional investors saw the market drawdown as a potential buy-the-dip opportunity.

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CoinShares' weekly report revealed that digital asset investment products saw inflows of $1.44 billion last week. Bitcoin saw its fifth largest weekly inflows, totaling $1.35 billion. Ethereum saw inflows of $72 million, its highest since March. Crypto investment products record $1.44 billion in inflows Digital asset investment products witnessed increased buying pressure in the past week as inflows across crypto ETFs reached $1.44 billion.

5 million, Canada with $24.2 million and Germany with $11.7 million. Bitcoin recorded its fifth-highest weekly inflow, dominating the global crypto investment market with $1.35 billion. Meanwhile, short-bitcoin recorded outflows of $8.6 million, its highest since April. This indicates the increased bullish sentiment from crypto ETF investors.

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Bitcoin Investment Products Saw Over $600M in Outflows Last Week: CoinSharesBitcoin Investment Products Saw Over $600M in Outflows Last Week: CoinSharesJamie Crawley is a CoinDesk news reporter based in London.
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