Crypto Funds Have Been Growing for More Than Three Months Straight
New capital inflows into cryptocurrency funds in the last week of November reached $306 million, according to CoinShares.
The growth of crypto funds has continued for 15 consecutive weeks, despite the overall bearish trend in the market. Since the beginning of 2021, crypto funds have increased by a record $9,5 billion due to capital inflows. However, price pressures led total assets under management to decrease from $75,4 billion to $72,9 billion during the week.
Bitcoin saw its most significant inflows totaling $247 million out of $305,6 million. The total volume of investments in BTC since the beginning of the year was almost $6,9 billion. The second most popular asset for investments – Ethereum-based products – saw inflows of about $23 million. Among other altcoins, Solana and Polkadot are the most popular among investors, with $14,6 million and $11,5 million invested in them respectively.
