Avalanche price rallies 20% after report reveals $25M inflows into AVAX investment vehicles By Cointelegraph

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© Reuters.

Avalanche (AVAX) rallied by around 20% in the last two days as a new report revealed millions of dollars flowing into AVAX-based investment products.

Penned by CoinShares, an institutional crypto fund manager, the report highlighted that Avalanche-based investment vehicles attracted about $25 million in the week ending Feb. 21, the second-biggest inflow recorded in the said period after ‘s (BTC) $89 million.

Flow of assets. Source: Bloomberg, CoinShares
four-hour price chart. Source: TradingView
AVAX/USD daily price chart. Source: TradingView