Cryptocurrencies show net inflows last week despite price declines

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By Gertrude Chavez-Dreyfuss
NEW YORK (Reuters) - Cryptocurrency products and funds posted net inflows of $88 million last week, data from digital asset manager CoinShares showed on Monday, amid a mixed investment flows picture in a week that saw a drop in prices.
Inflows so far this year added up to a still robust $9.5 billion with two more weeks to go for 2021. In 2020, total crypto inflows were $6.7 billion.
Bitcoin recovered a bit last week, posting a slim 1.3% gain for the period after a steep 14% selloff the previous week.
CoinShares data showed that bitcoin managed to show inflows of $51 million, its 13th straight week of inflows that puts its year-to-date net total to $6.5 billion.
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