Investors Put Less Money Into Crypto Funds Last Week as Bitcoin Market Stagnated
Last week's drop in crypto investment inflows to a fourth of the prior week's pace came as prices retreated in prices for bitcoin and other digital assets.
The deal is part of Overstock’s plan to exit its blockchain-related investments.
Investor appetite for digital asset investment products increased last week, with strong interest in XRP.
The funds are each bringing $20 million in investment to boost growth and development for Solana in the Chinese region.
No wonder cryptocurrency markets were so lackluster last week: There just wasn't much appetite from investors to put new money into funds.
“If you are happy to invest in gold, you can’t really discount bitcoin," says the fund's chief investment officer.