INTRODUCTION
This week is the fourteeenth consecutive week in which investments in digital asset-based products got inflows that amounted to a total of $154 million.
Despite Bitcoin's fall by over 12% since then, BTC-based products continued to see a majority of inflows too, amounting to $114 million.
Global crypto market's downtrend has not affected institutional investors in putting money into digital assets. This is contrary to a report published by Coinshares. As of November 22, the Digital Asset Fund Flows Weekly report stated as follows:
"Digital asset investment products saw inflows totaling US$154m last week,with the most recent price correction, where Bitcoin prices fell by 12% over the week, seemingly not impacting the positive investor sentiment."
CONCLUSION
While Ethereum-based products saw inflows amounting to $14 million last week, marking its fourth consecutive week of inflows totaling $80 million, Bitcoin boasted a sum of $144 million. This has "helped it retain assets under management (AuM) share of 67% over the last month amongst investment products", said the report. On the hand, BTC was trading deep inside the red_zone, diving below its critical support of $57k at press time.
