Investors Increase Investments in Cryptocurrency Funds: Report
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April 12, 2023

According to analysts at analyst firm CoinShares, the inflow of funds into crypto-based investment products between April 1 and 7 amounted to $57 million compared to $2.5 million in the previous week.

Since the beginning of the year, the indicator has moved out of the negative zone, adding $40 million.

Despite the positive sentiment, the trading volume of instruments has not exceeded $1 billion.

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Bitcoin-based products account for 98% of total inflows ($45 million), wheras a week ago an inflow of $8.8 million was recorded.

0.6 million $ have been withdrawn from structures that allow opening short positions in Bitcoin, while an outflow of $2.5M was recorded in the previous reporting period.

The upcoming Shapella hard fork, scheduled for April 12, has not generated interest in Ethereum funds, which have recorded inflows of $0.6 million.

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