Bitcoin sees positive fund flows despite chaos in the broader market

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The crypto market has been impacted by the geopolitical tensions going on between Ukraine and Russia. If not directly, at least indirectly.

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Bitcoin, along with most other coins has had a pretty rough week. Almost all the top 10 crypto assets had lost 10%-15% of their value over the past week.

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Amidst the unfavorable environment, digital asset investment products saw inflows worth $109 million last week.

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Post the back-to-back outflows noted in December and January, the latest data marks the fifth consecutive week of inflows.

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While inflows were seen in both Europe and the Americas, it was predominantly the latter with inflows totalling US$101m.

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Leaving aside the positive institutional flows, there’s a slight twist to the fairy-tale. And that has to do with the network activity and user interest.

The lower-bound of this channel has historically increased in near-linear fashion, suggesting that the pool dependable Bitcoin users (the HODLers) is still growing over the long-term.