CoinShares: $441m crypto inflows signal ‘buy the dip’ outlook

Crypto investors capitalized on hammered digital asset prices to deploy capital into blockchain token-based funds. 

According to a CoinShares report, $441 million in net inflows streamed in digital asset investment vehicles last week following a widespread market downturn and subsequent recovery.

James Butterfill, Coinshares’ head of research, said American investors took advantage of lower prices, with investors parking around $384 million in digital asset investment products on Wall Street. Other regions like Hong Kong, Switzerland, and Canada also recorded modest capital inflows. Bitcoin led the pack and comprised 90% of all inflows, but investors also diversified money into altcoins.