Cryptocurrencies
Bitcoin Investment Products See Third Straight Week of Inflows, CoinShares Says
- Bitcoin products saw about $1.35 billion in inflows last week
- Political, macro factors are a boon for the cryptocurrency
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Bitcoin investment products took in $1.35 billion last week, marking the third straight week of inflows and the highest amount since the start of June, according to CoinShares Ltd. data.
This three week period of inflows brings the total gains to $1.85 billion. In the two weeks prior to those, Bitcoin funds lost $1.2 billion. Overall, crypto investment products saw $1.44 billion in inflows in the week ended July 12, according to CoinShares.