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

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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.

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: CoinSharesJamie Crawley is a CoinDesk news reporter based in London.
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