NEW YORK: Cryptocurrency products and funds posted inflows in the latest week, with investors undeterred by the latest price corrections, weekly data from digital asset manager CoinShares showed on Monday.Institutional investors poured in $154 million in the crypto sector in the week ended Nov. 19, with a year-to-date total of $9.2 billion, already exceeding total inflows of $6.7 billion in 2020. Bitcoin got the lion's share of inflows with $114.4 million, equivalent to 74% of the total. So far this year, total inflows into bitcoin products and funds hit $6.7 billion.The inflows came despite a 10.4% drop in bitcoin last week. Ethereum saw inflows for a fourth straight week, of $12.6 million. Total inflows in the last four weeks were about $80 million.Some altcoins though, for the first time in many months, saw minor outflows, such as Cardano, with outflows of $2.1 million, data showed.But inflows into Solana, another public blockchain, totaled $8 million.

Source: Economic Times November 24, 2021 06:17 UTC