USTs Depegging, Crypto Market Meltdown Signals Institutions to Pour in $274m into Digital Asset Investment Products in One Week

Quick summary: According to CoinShares, digital asset investment products saw record weekly inflows of $274 million last week Bitcoin also saw $299 million in inflows in the last week Institutions saw the recent crypto market meltdown caused by USTs depegging as a buying opportunity The crypto market meltdown of last week catalyzed by the depegging of TerraUSD (UST) and the inflation of LUNA that soon followed was viewed by institutional investors as a buying opportunity. According to a report by […]