Overall, positive inflows were noted during the week ending May 7, although “some providers continue to see outflows in what we believe is continued profit taking behavior,” wrote CoinShares, a digital asset investment firm.
- Bitcoin (BTC) netted $290 million of inflows on the week, according to the report.
- Meanwhile, investor demand for investment products focused on Ethereum continued to rise, with inflows of $60 million last week. Total assets under management reached a new record of $16.5 billion.
- “Bitcoin achieved this level of assets under management only in December 2020,” according to CoinShares.
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