Financial News
Crypto Industry Crosses $1B in Inflows Before Year’s End
Crypto asset managers including ProShares, CoinShares, Bitwise, 21Shares and Grayscale have collectively witnessed substantial inflows, surpassing $1 billion for the year. This influx of funds, according to CoinShares’ most recent report, added a noteworthy $293 million to a run of seven weeks in a row of higher investments.
As of November, the total inflows have amounted to an astounding $1.14 billion, making 2023 the third-highest annual inflow year on record. CoinShares head of research James Butterfill noted that total assets under control have increased significantly, by 9.6% in the last week and by an astounding 99% since the…
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