CoinShares Notes Record Inflow of Funds into Crypto Funds

According to CoinShares experts, the volume of funds in crypto investment products has increased by $274 million over the week due to the desire of investors to take advantage of the fall in prices associated with the collapse of Terra’s stablecoin UST.

It is worth noting that such high influx of funds had not been observed since the end of March.

Notably, special mention deserves the inflow of $284.8 million into Purpose Investments’s Purpose Bitcoin ETF. Investors seemed to be focused on BTC as investments in products based on the leading crypto have attracted $298.6 million over the week.

Ethereum is a different story, as the outflow of funds from Ethereum funds has continued. During the last week, it amounted to $26.7 million.