Digital asset funds see record inflows, says CoinShares, but will it last?

Digital asset funds see record inflows, says CoinShares, but will it last?
фото показано с : invezz.com

2024-4-9 19:19

Cryptocurrencies have hit a record number of inflows globally, particularly in the US, according to the latest weekly report by CoinShares.

James Butterfill, CoinShares’ head of research, says in the report that cryptos and other digital assets are now seeing their highest influx of funds in history:

Digital asset investment products saw continued positive sentiment with inflows totaling $646 million last week. Inflows [this] year-to-date at US$13.8 billion are at their highest ever level, now far surpassing the US$10.6bn seen in 2021.”

BTC still reigns

According to Butterfill, the lion’s share of these funds have come from – and continue to come from – Bitcoin:

Bitcoin remains the focus, seeing inflows totaling US$663m, while short-bitcoin investment products saw outflows for the 3rd week in a row totaling US$9.5m, suggesting minor capitulation amongst bearish investors.”

Ethereum on the way down, Solana and Litecoin on the way up?

Apart from the somewhat predictable outcome of Bitcoin as a frontrunner, the report shared several other interesting changes in crypto asset flows.

Ethereum, for example, saw outflows of $22.5 million last week, representing the fourth consecutive week of outflows.

This was in contrast to most other altcoins which continue to see inflows. Litecoin did particularly well, with $4.4 million in inflows, with Solana not far behind with inflows of approximately $4 million.

However, is the crypto party almost over?

Despite these encouraging numbers, Butterfill said that CoinShares had noticed indications of the trend potentially ebbing.

There are signs that appetite from ETF investors is moderating, not achieving the weekly flow levels seen in early March, while volumes last week declined to US$17.4bn for the week compared to US$43bn in the first week of March.”

Whether or not these figures will change in the coming weeks, with the upcoming Bitcoin halving, remains to be seen.

The post Digital asset funds see record inflows, says CoinShares, but will it last? appeared first on Invezz

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coinshares digital report says asset funds record

Источник: invezz.com

coinshares digital → Результатов: 126


Crypto Funds Hit Highest Level Year-To-Date As $13.8 Billion Flows In, What’s Behind The Boom?

So far, global crypto funds have soared to record annual inflows, reaching roughly $13. 8 billion year-to-date as reported by asset manager Coinshares. This milestone marks a substantial increase in investor participation in the crypto market, highlighting growing confidence and interest in digital assets as a “viable” investment avenue.

2024-4-9 05:00


ETF delay disappointment triggers $55M outflow from digital assets – reports

Digital asset investment products experienced a significant outflow of funds this week, totaling $55 million, according to the weekly report by CoinShares. Analysts, including James Butterfill, believe the market’s reaction is due to the disappointment from recent media reports indicating a delay by the US Securities & Exchange Commission in approving a US spot-based ETF.

2023-8-21 16:08


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The exchange-traded digital asset market has seen considerable outflows this week, marking a total of $107 million, illustrating an accelerated pace of ongoing profit-taking over the past weeks. CoinShares’ Digital Asset Fund Flows Weekly report stated that Bitcoin took center stage with outflows amounting to $111 million, recording the most significant weekly outflows since March […] The post Largest Bitcoin ETP outflow since March as profit taking continues appeared first on CryptoSlate.

2023-8-7 15:30


Фото:

Bitcoin sees first outflows in a month as Ethereum, XRP enjoy investors’ confidence

Digital assets investment products recorded $6.5 million in outflows this week after four consecutive weeks of inflows totaling $742 million, Coinshares reported on July 24. This week’s outflows break the longest streak of inflows since late 2021, coinciding with the recent market downturn that saw Bitcoin’s (BTC) price dump to its lowest value since June […] The post Bitcoin sees first outflows in a month as Ethereum, XRP enjoy investors’ confidence appeared first on CryptoSlate.

2023-7-24 19:10


Bitcoin And Other Crypto Funds See Institutional Inflows For Second Week In A Row

Institutional investors seem to be regaining confidence in cryptocurrencies as for the second week in a row, crypto investment funds saw net inflows from investors. According to a report from digital asset manager CoinShares, investments in digital asset funds increased by $125 million during the last week, making this the second consecutive week of inflows. […]

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