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Profit taking? Institutional crypto fund inflows drop 97% in three weeks

Published 01/11/2021, 08:11 PM
Updated 01/12/2021, 10:40 PM
Profit taking? Institutional crypto fund inflows drop 97% in three weeks

Capital inflows into crypto funds and investment products plummeted during the first week of January after posting new all-time highs in late-December.

According to crypto fund manager CoinShares’ Jan. 11 Digital Asset Fund Flows report, the first week of trading in the new year saw just $29 million flow into institutional crypto products. That's a greater than 97% decline from the $1.09 billion invested during the week before Christmas. Volumes are likely to have been dampened by traders taking holidays over the new year.

Capital flows into digital asset investment products: CoinShares

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