Recent months have been quite rough for crypto users as major projects got rugged or exploited or may be accidentally losing users’ funds. For crypto investors the whole year did not seem favorable for their investments and securities.
After the FTX Collapse, crypto funds witnessed huge inflows in the past 14 weeks as FTX filed for Chapter 11 bankruptcy. The net inflow is around $42 Million. While the major fundings raised up to $141.1 Million.
Crypto Funds Inflow
The investment products of Bitcoin added the largest inflows at $19 Million that is followed by multiasset and Ether funds which were at $8.6 Million and $5.9 Million, respectively. It can be seen that in the wake of exchange FTX’s Chapter 11 filing, major issues are rising for most of the biggest crypto funds.
The crypto fund recorded a 42% discount to the value of Bitcoin it holds. While the price of GBTC continues to plunge below the value of underlying coins. And futures ETF has tightly tracked Bitcoin’s decline.
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