Crypto Funds Double Weekly Inflows to $226M as Ebullience Returns to Bitcoin Market

Crypto Funds Double Weekly Inflows to 6M as Ebullience Returns to Bitcoin Market
Crypto-focused funds took in more than double the amount of new money last week that it did the prior week as bullish sentiment returned to the bitcoin market.Digital asset investment products saw a total of $226 million in inflows during the week ended last Friday, up from $90 million the week before.The jump was largely driven by bitcoin-focused funds, where inflows rose by $156 to $225 million, the highest in five months, according to a report Monday from digital asset manager CoinShares.The resurgence in interest in bitcoin funds came as the largest cryptocurrency’s price rose last week to a five-month…