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Crypto inflows defy crash in fund values

Investor interest in bitcoin and other alternatives remains strong despite a torrid market performance

In the eyes of many, cryptocurrencies defy convention merely by existing, backed as they are by nothing more substantive than lines of computer code.

But, despite a crash in their value in recent months, the digital tokens have continued to attract investment via exchange traded products.

Typically, humans, being herd animals, will often show a tendency to pile into financial assets that are rising in value, and to run for the hills when valuations are falling — ignoring the logic of arguments to buy in at low prices.

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