# Funds are Flowing into Cryptocurrencies

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Last modified: 2021-12-16

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By Paul Ebeling · 2021-12-16
Tags: Shayne Heffernan on Investments, money, Paul Ebeling, Bitcoin, blockchain, Crypto, Knights, ether, Bitcoin, Ethereum, Knightsbridge, Blockchain, KNIGHTS, crypotcurrencies, knigh
Signed: no (published before platform launch).
Nothing in this article is investment advice.

#money #crypotcurrencies #bitcoin #ether #knights #blockchain

[$BTCUSD](https://finance.yahoo.com/quote/BTC-USD?p=BTC-USD) [$ETHUSD ](https://finance.yahoo.com/quote/ETH-USD?p=ETH-USD)[$KNIGHTSUSD ](https://charts.bogged.finance/?c=bsc&t=0xb2e033ADadf33561aB71833Ee0f4C3A8Cc18ce4C)

Cryptocurrency products and funds posted net inflows of $88-M last wk, data from digital asset manager CoinShares showed Monday, in a wk that saw a decline in prices.

Inflows so far this yr added up to a robust $9.5-B with 2 more wks to go in Y 2021. In Y 2020, total crypto inflows were $6.7-B.

Bitcoin recovered a bit last wk, posting a 1.3% gainer for the frame after a 14% selloff the prior wk.

CoinShares data showed that bitcoin showed inflows of $51-M, its 13th wk running of inflows that puts its YTD net total to $6.5-B.

Bitcoin is trading at this writing at $47,823.68. Since hitting an all-time high of $69,000 on 10 November, the world's largest cryptocurrency has fallen 32% since. the trend is Bearish.

[Knights' coin is trading comfortably above $700/each](https://charts.bogged.finance/?c=bsc&t=0xb2e033ADadf33561aB71833Ee0f4C3A8Cc18ce4C)

Ethereum saw outflows totaling $17-M last wk, the 1st time following 6 wks of inflows, although it reflects only 0.09% of assets under management. 

Other digital assets Solana and Tron showed inflows of $19 and 17-M, respectively.

CoinShares noted that the recent price appreciation of Tron, a decentralized, open-source blockchain-based operating system, and dubbed the "*world computer*" coin, has pushed its total AUM of products and funds linked to the token to $92-M, higher than that of Cardano, a public blockchain.

Data also showed that trading volumes across investment products fell 13% to $3-B for the wk.

Have a prosperous day, Keep the Faith!

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