TechnologyBitcoin, ethereum see strong inflows in latest week -CoinShares data
Gertrude Chavez-dreyfuss
2 minute read
A representation of virtual currency Ethereum are seen in front of a stock graph in this illustration taken February 19, 2021. REUTERS/Dado Ruvic/Illustration
Bitcoin and ethereum, the two largest cryptocurrencies in terms of market capitalization, posted strong inflows last week that saw investments in the sector hit $489 million, the largest since February, CoinShares weekly data showed on Tuesday.
Bitcoin received the lion's share of investor inflows last week of $441.7 million, with $4.2 billion so far this year. The world's largest digital currency posted record weekly outflows the previous week.