Crypto Fund Inflows Slow After Record Jolt From Bitcoin Futures ETF

Posted on by American Coins & Gold

Crypto Fund Inflows Slow After Record Jolt From Bitcoin Futures ETF
Digital asset products investments cooled last week, ebbing from a record fueled by the debut of the first bitcoin futures exchange-traded fund.Digital asset investment products saw a total of $288 million in inflows during the week ended Oct. 29, a report Monday by CoinShares showed. That’s down from a record $1.47 billion during the prior week, but it helped to push inflows year-to-date to $8.7 billion.As in the previous week, the majority of new investments went into bitcoin-related funds, at about $269 million.The decrease in flows coincided with a market pause: Bitcoin (BTC) hit an all-time high of $66,974 on…