Cryptocurrency inflows hit record high of $4.2 billion, CoinShares says

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Inflows into cryptocurrency funds and products have already hit a record $4.2 billion for the first quarter, reflecting growing institutional investor interest, CoinShares data showed. The previous high for crypto inflows was $3.9 billion in the fourth quarter of last year, driving total inflows for 2020 to $6.7 billion, the asset manager’s data shows. Bitcoin, the world’s largest cryptocurrency in terms of market capitalization, has had the most inflows so far this year with $3.3 billion, while ethereum was second with $731 million. Bitcoin hit…

Read More

HEDGE accordingly