Despite the recent correction, according to Vinay Nair, CEO of investment search engine Magnifi, the platform is seeing more interest from investors looking for possibilities in the crypto markets.
During an interview with CNBC’s ‘Squawk BoxBox’ show, Nair said that both investors and advisors are seeking investment opportunities in Bitcoin-related funds, even as the asset battles to maintain its position above the $30,000 threshold.
People are also keeping an eye on loud crypto fund managers, presumably to see if they have grown their holdings in digital assets, he said.
According to Nair, the search results are also centred on funds that hold a large number of various cryptocurrencies, mentioning Coinbase as an example.
Vinay Nair stated the following:
“People are looking for more opportunities to invest.” Consumers and advisors have been asking more questions recently. More searches are being conducted for funds that hold Coinbase or funds that are purchasing more Bitcoin. It looks like the platform is experiencing a bounce-back trade question. “
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