Crypto Funds Attract Largest Weekly Inflow in 2023 as Bitcoin 'Short-Sellers Capitulate': CoinShares
Summary
Cryptocurrency investment funds received record net inflows for 2021, reaching $346 million for the week ending November 24. This is attributed to anticipation for a bitcoin exchange-traded fund (ETF) in the US. Bitcoin funds received most of these inflows ($312 million), leading to yearly net inflows exceeding $1.5 billion. Short bitcoin funds saw their third week of outflows, demonstrating a downturn in short-selling. Ether funds also witnessed a positive trend with $34 million of net inflows last week. Other altcoins such as Solana, Polkadot, and Chainlink also saw inflows.
