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.
PM holds phone call with Pezeshkian, Iranian President confirms participation in Islamabad talks
- ایک گھنٹہ قبل
How climate science is sneakily getting funded under Trump
- 10 گھنٹے قبل
PM Shehbaz reaffirms unwavering solidarity with KSA
- 21 گھنٹے قبل
Why Trump’s latest threat against Iran could be a war crime
- 10 گھنٹے قبل
‘‘A big day for global peace’’, Says Donald Trump after Iran US ceasefire
- ایک گھنٹہ قبل
Ceasefire agreed:PM Shehbaz invites US and Iranian delegations to Islamabad for talks
- ایک گھنٹہ قبل
Efforts to facilitate talks between US and Iran ongoing, Pakistani sources say
- 21 گھنٹے قبل
Diplomatic win for Pakistan as US–Iran conflict pauses with conditional truce
- ایک گھنٹہ قبل
Pakistan makes $1.3bn payment toward Eurobondd
- 20 گھنٹے قبل
Google announces updates to Gemini’s mental health safeguards amid lawsuit over user’s suicide
- 21 گھنٹے قبل
Pam Bondi’s ouster makes Trump’s Justice Department even more dangerous
- 10 گھنٹے قبل
‘A whole civilisation will die’ says Trump as Iran defies looming deadline
- 20 گھنٹے قبل
