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Cryptofunds recorded the first inflow of funds in six weeks

Cryptofunds recorded the first inflow of funds in six weeks

The inflow of funds in products based on digital assets from January 15 to 21 amounted to $14.4 million, such data is contained in the CoinShares report.

The recovery of positive dynamics was preceded by a sharp decline in cryptocurrency prices, analysts said.

Data: CoinShares.

Assets under management fell to a low of $51 billion since August 2021. The figure fell 41% from a peak of $86 billion in November.

Outflows continued from Ethereum-based funds to $16 million. 

Proceeds to structures: 

Bitcoin-based, $13.8 million;  Binance Coin, $3.3 million;  Polkadot, $1.5 million;  Cardano, $1.5 million;  Solana, $1.4 million.

Multi-asset funds remained popular - the inflow of funds for the week amounted to $8 million.

Data: CoinShares.

Recall, UBS analysts warned of the risks of the onset of "apocalyptic cryptozyma."

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