Crypto Investment Products Reverse 5-Week Outflow Streak, Adding $644 Million in Assets

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Decrypt 1d ago

Crypto Investment Products Reverse 5-Week Outflow Streak, Adding $644 Million in Assets - Decrypt

Quick Summary:

Total assets under management for crypto-based products rose 6.3% from their low point on March 10, CoinShares data shows.

Conversely, Ethereum saw the heaviest loss in investments last week, logging $86 million in outflows.

However, investor sentiment rose last week as Federal Reserve Chairman Jerome Powell soothed jittery markets after the U.S.central bank kept interest rates unchanged.