Bitcoin Funds Rake In New Money as Altcoin Funds Suffer

Ethereum funds continued their negative streak, marking nine consecutive weeks of outflows. Investors pulled out $32 million from funds that manage the second-largest cryptocurrency, ether (ETH), adding up to $357 million in outflows year to date. The outflows picked up in December 2021, and they represent a relatively small share (7%) of the total value of assets under management, the report added.