In just six weeks, cryptocurrency funds received their first payment.
While there was money inflow to crypto money funds last week, there was money outflow from the funds in the prior 6 weeks, according to Coinshares statistics. The money inflow saw last week was fueled by interest in cryptocurrencies such as Ethereum, Cardano, and Solana.
According to the data, digital asset funds saw a $ 21 million inflow last week. A total of 115 million dollars was taken out of digital assets in the previous six weeks. The 6-week period was also the longest since January 2018 in terms of money out.
During the period, 2.8 million dollars of money outflow from Bitcoin funds was observed.
As of last week, the assets of digital asset funds reached $57.3 billion, the highest level since mid-May.