Crypto Space Saw Net Fundflow for Fourth Straight Week, says CoinShares

Funds in the crypto space attracted $75 million of fund flow last week underscoring fourth straight week of net inflows, according to CoinShares weekly report. This also marks investors continued confidence in bitcoin and other related digital assts as prices starts to rebound.

.Ethereum funds saw their first inflows in 10 weeks, at $21 million.

According to CoinShares, the inflows remain relatively minor in comparison to the inflows during the fourth quarter of 2021.

The report highlighted there were regional differences in fund outflows, with $5.5 million of outflows in the Americas and $80.7 million of inflows into European investment products.