Crypto Funds Record $441M Inflows as Investors Buy the Dip
full version at dailycoin
Crypto investment funds attracted hundreds of millions last week. The funds have made a turnaround after three weeks of consecutive net outflows. Experts believe the flow reversal is due to “weak prices” of digital assets. Global crypto investment products recorded a significant inflow of funds in the first week of July, fueled by “weak” digital asset prices. The funds have resumed a positive run following three weeks of consecutive net outflows, which started after a massive inflow of over $2 billion in the first week of June. CoinShares attributed the “unusually” high inflows to monetary policy rate cut expectations
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