MicroStrategy's Bitcoin Stake 'in Profit' Finally: Investors Add Ethereum, XRP
Crypto fund flows have yet again started painting a favorable picture. Institutions have begun re-directing funds toward crypto assets. Just over the past week, digital asset investment products saw inflows summing up to $57 million. In fact, this brought back flows to the positive territory on the YTD frame. According to CoinShares’ latest weekly report, the sentiment is currently positive among investors. Bitcoin was the largest beneficiary of this week’s action. It registered $56m of inflows. The same made up 98% of all positive flows. Short-Bitcoin products on the other hand noted outflows, bringing to light the refining sentiment. Last week, and the week before that, Ethereum noted outflows of $2.8 million and $5.2 million respectively. However, this week, the tale was different. Ethereum’s number managed to step back into a positive territory and flashed a value of $0.6 million. Alongside, Altcoins like XRP and MATIC also registered inflows worth $0.2 million each....