Crypto Funds Record Influx of Funds for First Time in Six Weeks
The inflow of funds into products based on digital assets from January 15 to 21 amounted to $14.4 million, according to the CoinShares report.
The recovery of positive dynamics was preceded by a sharp decline in the prices of cryptocurrencies, analysts noted.
The volume of assets under management decreased to the lowest level since August 2021 – $51 billion. From the peak in November of $86 billion, the indicator fell by 41%.
From funds based on Ethereum, the outflow continued and amounted to $16 million. Funds based on various assets remained popular – the inflow of funds for the week amounted to $8 million.
UBS analysts have previously warned of the risks of an “apocalyptic crypto winter.”