(AVAX) has rallied around 20% in the last two days as a new report revealed millions of dollars inflows of AVAX-based investment products.
Produced by CoinShares, an institutional cryptocurrency fund manager, the report highlighted that Avalanche-based investment vehicles attracted some $25 million in the week ending February 21, the second largest inflow on record in that period after the USD 89 million ().
Asset flow. Source: Bloomberg and CoinSharesIn contrast, Ether (ETH), Avalanche’s main rival in the smart contract sector, saw an outflow of $15 million. Overall, Avalanche and similar cryptocurrency investment products attracted some $109 million, posting their fifth straight week of positive numbers.
Read the full article on Cointelegraph
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
