New York: Digital asset management firm CoinShares has provided latest data according to which investment flow of Bitcoin has hit $1.31 billion last week after a few weeks of small outflows into cryptocurrency funds and products.
As per latest data from asset manager CoinShares, the professional investors took advantage of the decline in bitcoin and other digital asset prices.
On January 22, total assets under management (AUM) in industry slipped to $29.7 billion from an all-time peak of $34.4 billion which was recorded on January 08.
The total AUM was just $2 billion at the end of the year 2019. Earlier on Friday, Bitcoin dropped to a low of $28,800 and it was last down by 0.5% at $32,124.
The acquired data showed that about 97% of inflows went to bitcoin in comparison to the data with Ethereum, the second largest cryptocurrency which posted inflows of $34 million last week.
Schlage’s UWB-enabled smart lock launches this month
- 11 hours ago
Iran values Pakistan’s support during critical times: Masoud
- 4 hours ago
PPP's Bilawal calls for political consensus to address challenges
- 4 hours ago
Why the Supreme Court is fighting over deadly gas and firing squads
- 18 hours ago
ADB approves $700m loan for Pakistan's insurance sector
- 4 hours ago
PSX gains nearly 900 points amid Iran-US interim peace deal
- 7 hours ago
Amazon’s data centers used 2.5 billion gallons of water last year
- 11 hours ago
Roborock’s Q10 S5 Plus robovac is over half off, matching its best price to date
- 11 hours ago
US and Iran presidents sign ceasefire agreement, but Trump says he could still resume attacks
- 9 hours ago
Trump just found the worst way to regulate AI
- 9 hours ago
Iran war: PM Shehbaz signs Islamabad MoU as mediator
- 10 hours ago
Ghana beat Panama 1-0 in World Cup opener after injury-time winner
- 9 hours ago
