Market Wrap: Bitcoin Analysts Expect a Short-Squeeze
Bitcoin sellers are expected to cover positions, which could lead to higher prices next week.
Crypto Funds
The outflow was partly because of low investor participation due to seasonal effects, also seen in other asset classes.
Digital-Asset Funds Reach $50B Despite Outflows
Aug 9, 2021
Despite experiencing outflows for the fifth straight week, assets under management in digital funds hit their highest level since mid-May.
The latest data reflected a reversal after six consecutive weeks of outflows.
The fund is Valkyrie’s third closed-end crypto fund with staking that the company has launched this year.
Bitcoin-focused funds had outflows totalling $19.7 million, partly offset by net inflows to funds focused on other categories, including multi-asset funds.
Crypto Funds
