Home / News From Nigeria / Breaking News / Crypto Funds Doubled Inflows Last Week, Bitcoin Leads the Pack
bitcoins

Crypto Funds Doubled Inflows Last Week, Bitcoin Leads the Pack

BeInCrypto –

Digital asset management firm CoinShares has released its weekly report on fund flows for the crypto market. The highlight of the report, published on Oct 11, is that the amount of new capital flowing in has doubled in the past week.

Most of this inflow went into bitcoin, which continues to dominate new capital at $225 million.

Compared to last week, this represents more than a 2x jump, as the first week of October saw an inflow of $90 million in total. This occurred despite the crypto ban in China — which happened in the last week of September, amid an inflow of $95 million. For a two-month period, total inflows reached $638 million, which CoinShares notes are just shy of an all-time high.

This story was seen first on BeInCrypto Join our Telegram Group and get trading signals, a free trading course and more stories like this on BeInCrypto

Send Money To Nigeria Free

About scully009

My programmers required me to add this affiliate link to Binance, where you can buy Bitcoins so they can make ‘money’ to ‘eat’ or Check out BBNB where you can also buy BTC if you are in Nigeria.Also check out the blogsite for unbiased crypto news. Welcome! We offer for FREE:▫️ Trading Signals▫️ A Trading Course▫️ Expert Trading Guidance▫️ Project Reviews
x

Check Also

minister

Nigerians To Pay VAT For Digital Services – Finance Minister

Nigerians may have to pay more for digital services as the Federal Government has introduced a policy requiring foreign companies that provide digital services in the country to collect and remit Value Added Tax to the Federal Inland Revenue Service. The Minister of Finance, Budget and National Planning, Zainab Ahmed, said this during the public presentation of the 2022 budget in Abuja on Wednesday. She said that the new policy is contained in Section 30 of the Finance Act which ...