Bitcoin Funds Accumulate New Funds While Altcoin Funds Suffer


Ethereum funds continued their losing streak, posting nine consecutive weeks of outflows. Investors withdrew $32 million from funds managing the second largest cryptocurrency, ether (ETH), adding $357 million in outflows since the beginning of the year. Outflows resumed in December 2021 and represent a relatively small part (7%) of the total value of assets under management, the report added.