Investors Put M Into Crypto Funds Last Week as Bitcoin Market Cratered
As crypto traders suffered last week through the market’s worst stretch in months, investors in digital-asset funds appear to have bought the dip.Cryptocurrency funds brought in $14.4 million of new investor money during the seven days through Jan. 21, ending a streak of five straight weeks of outflows, according to a report Monday from the digital-asset manager CoinShares.The inflows came during the latter part of the week, “during a period of significant price weakness,” according to the report. “Investors, at current price levels, are seeing this as a buying opportunity.”Bitcoin’s (BTC) price tumbled 16% in the seven days through Sunday,…