CoinShares reports renewed inflows into crypto funds

Net inflows into crypto-based investment products from 23 to 30 April reached the highest since February, at $489 million. CoinShares, the digital asset management company, said.

CoinShares noted strong buying activity from North American–based funds, while their European peers faced investor selling.

“We see that some investors have increased risk after Bitcoin moved into a range-bound trading pattern, while others capitulated, taking profits,” the company commented.

In the first quarter of 2021, inflows into crypto-based investment products totaled record $4.5 billion.

In April, it emerged that German funds for institutional clients will be allowed to invest up to 20% of assets in cryptocurrencies from July 1.

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