Crypto funds draw inflows for second straight week
Digital-asset funds saw $179.8 million of net inflows in the seven days through April 1, according to a CoinShares report published Monday. Bitcoin was responsible for the majority of inflows last week, bringing in $144 million in 1 week.
Additionally, BTC supply on leading crypto trading platforms has been in a downtrend since March 2020. Further, Glassnode’s recent data shows that BTC exchange outflows have reached a level of 96,200 Bitcoin per month.