Cryptocurrencies post record inflows in first 11 months -CoinShares – Reuters
- Date: 30-Nov-2021
- Source: Reuters
- Sector:Financial Markets
- Country:Middle East
Cryptocurrencies post record inflows in first 11 months -CoinShares – Reuters
NEW YORK, Nov 29 (Reuters) - Cryptocurrency products and funds posted record inflows in the first 11 months of the year, as institutional investors flocked into the space despite price declines in the last few weeks, data from digital asset manager CoinShares showed on Monday.
Total inflows into the sector were $9.5 billion as of Nov. 26, an all-time high. In 2020, total bitcoin inflows were $6.7 billion.
On the week, inflows reached $306 million.
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