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.
What would you do alone in a cage with nothing but cocaine?
- 13 hours ago
Anthropic is launching a new think tank amid Pentagon blacklist fight
- a day ago
Iranian sports minister: We cannot go to World Cup
- 14 hours ago
Information Ministry rejects claim of Afghan Taliban regarding strike in Wana
- a day ago
Operation Ghazab-ul-Haq: 684 Taliban killed, 252 posts destroyed :Attaullah Tarar
- a day ago
Pakistan committed to promote religious tolerance among nations: President, PM
- a day ago
KSE-100 plummets over 4,000 points amid oil price surge
- 2 hours ago
iPhone Fold rumor: iPad-like multitasking, but no iPad apps and no Face ID
- a day ago
Pakistan rejects India’s remarks over actions against terrorist hideouts inside Afghanistan
- a day ago
US allies rebuff Trump's request for support in Strait of Hormuz
- 26 minutes ago
Armed forces launch successful airstrikes in Afghanistan
- a day ago
Foxborough won't back down in World Cup spat
- 14 hours ago
