Inflows into Cryptocurrency Funds Reach $130M
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15 May

Crypto investment products experienced inflows of $130 million in the week ending May 6, ending a five-week period of outflows, according to CoinShares.

The "Digital Asset Fund Flows Weekly" report released on May 13 revealed institutional investors increased their exposure to digital assets.

Most of these movements were driven by Bitcoin investment funds, which recorded inflows of $144 million.

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The report also indicates that weekly trading volumes in investment products fell from an average of $17 billion in April to $8 billion during the week ending May 10.

CoinShares head of research James Butterfill noted:

"These volumes highlight ETP investors are participating less in the crypto ecosystem at present, representing 22% of total volumes on global trusted exchanges relative to 31% last month."

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