Crypto Fund Inflows Slow to $88M as Market Retreats

Crypto Fund Inflows Slow to M as Market Retreats
Digital asset investment products saw inflows drop 52% last week to $88 million, as crypto markets saw a downturn.The inflows into crypto funds during the week ended Dec. 10 compared with $184 million the prior week, according to a report Monday by CoinShares.Funds focused on bitcoin, the largest cryptocurrency, accounted for the bulk of the week’s inflows, at $52 million. The prior week, bitcoin-focused funds saw $145 million of inflows.Bitcoin is down 26% in the past 30 days, suggesting investors continue to see the price weakness as a buying opportunity – but at a slower pace.For the first time in…