Crypto Funds Managed to Attract the Maximum Investments Over 3 Months

As it became known, from November 5 to November 11, the inflow of funds into cryptocurrency investment products increased to $42M, while a week earlier the outflow amounted to $15.6M.

According to analysts, such a hike was triggered by the sensational FTX collapse. So, some investors saw this situation as nothing else but an opportunity to make money.

As for traditional bitcoin funds, experts note the highest inflow since August of this year amounting to $19M. Recall that a week earlier, the outflow amounted to $13.2M.

Let us mention that $12.6M were sent to structures that allow opening shorts on the first cryptocurrency. While a week earlier, the outflow amounted to $7.1M.

There were no significant changes in the inflow to Ethereum funds. Thus, the inflow amounted to $2.5M, which is only $200K less than the previous reporting period.

It is also worth mentioning that the altcoin basket-based products managed to raise the maximum $8.4M since June 2022. According to experts, it is these products that investors consider to be a relatively safe haven.

Meanwhile, analysts believe that the current state of the cryptocurrency industry is somewhat similar to the 2008 financial crisis.