THEY BOUGHT THE DIP: Crypto funds attracted fresh money last week even as bitcoin's price fell by the most since May. AngeliqueChen07 reports.
Cryptocurrency funds brought in $14.4 million of new investor money during the seven days through Jan. 21.
As crypto traders suffered last week through the market's worst stretch in months, investors in digital-asset funds appear to have bought the dip. Cryptocurrency funds brought in $14.4 million of new investor money during the seven days through Jan. 21, ending a streak of five straight weeks of outflows, according to a report Monday from the digital-asset managerThe inflows came during the latter part of the week,"during a period of significant price weakness," according to the report."Investors, at current price levels, are seeing this as a buying opportunity.
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