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Ethereum Fund Inflows Rise as Investors Exit Bitcoin Products

Digital-asset funds have attracted capital over the previous two weeks, albeit at a slower tempo as buyers stay cautious after the crypto crash in Could. It seems that buyers are warming up ether, which noticed a 3rd consecutive week of inflows totaling $11.7 million, based on a report by CoinShares.

General, internet inflows to digital asset funds totaled $2.9 million for the week ending July 9, down from $4 million throughout the earlier week. Fund flows have weakened following a interval of robust investor demand throughout bitcoin’s rally in This autumn 2020.

Source: CoinDesk

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