CoinShares: Cryptocurrency Flows Reached $ 4.9 Billion as of Mid-April

Floods into cryptocurrency funds and products reached $ 4.9 billion by April 16, data from CoinShares, the cryptocurrency manager, reported on Tuesday, with the pace of the increase slowing somewhat in the first two weeks of the month after reaching unprecedented levels in the first quarter of the year.

The figure is about 9% from an all-time high of $4.5 billion in the first three months of the year.

The pace of inflows had already calmed down in Q1, after a 240% jump in Q4 of last year.

CoinShares said that, however, inflows in the second week of April totaled $233 million, the largest since early March.

Bitcoin’s rise slowed in the first two weeks of the month, increasing only 5.7%, but reached an unprecedented level at just under $65,000 during that period.

And after touching that peak last week, it slipped around 18% in six days.

And in the latest trading today, Btkoin was down 0.75% at 55 thousand and 286 dollars.