
Jonbinh
@999eth
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Bitcoin Continues to Lose steam, Altcoins Don’t Do Much:
Cryptocurrency investment products operated by leading asset managers such as BlackRock, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares continued to attract net inflows worth $286 million globally over the past week, according to the latest report from CoinShares. Notably, Ethereum (ETH)-based investment funds continued to outperform Bitcoin (BTC)-based products.
This is the eighth consecutive week of growth for crypto investment funds, bringing the total inflows for the period to $11.3 billion. However, James Butterfill, Head of Research at CoinShares, warned that there are signs of a slowdown as investors become more cautious amid monetary policy uncertainty. 0 reply
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