In a week of extreme volatility that saw some cryptocurrencies briefly plunge to zero, the crypto investment landscape delivered a stunning surprise.
A report from CoinShares confirms that weekly inflows skyrocketed to $3.17 billion, single-handedly pushing the year’s total to a new record of $48.7 billion. The chaotic liquidation event, potentially far larger than the reported $20 billion, failed to deter investors for long.
Trading volumes in ETPs surged to an all-time high, signaling that the historic sell-off was met with equally historic buying pressure.
