Crypto Funds Bleed $1.80 Billion As Metals Rally Heats Up
Investors stepped back this week as a mix of shifting bets and quick profit-taking pushed money out of spot crypto ETFs. Markets moved fast, and some of the biggest swings were driven by short-term reactions rather than a change in long-term views. Related Reading: Ethereum Boost: Vitalik Buterin Sets Aside $45M In ETH For Privacy And Open Tech Spot Crypto ETF Flows Based on reports from Farside, US-based spot Bitcoin ETFs saw about $1.50 billion leave over five trading days, while spot Ether ETFs had roughly $327 million in outflows. That adds up to about $1.80 billion pulled from these....
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Amagi Metals. Bitcoin accepting precious metals companies have received much attention within the retail precious metals industry over the past few years. This week, some changes have taken place. Amagi Metals has relaunched after some time offline due to internal issues. Under new management, Amagi Metals is hoping to win the trust of the precious metals retail scene, even if it is slowly. Amagi Metals relaunched under the management of Anthem Vault. As a representative posted to Reddit: Hello r/silverbugs - I want to introduce the new Amagi Metals brand that is being released under the....
Bitcoin is struggling to regain the $88,000 level as market uncertainty persists and precious metals continue to rally aggressively. Gold’s strength has reignited a familiar narrative: that capital is leaving Bitcoin to finance the move into traditional safe havens. However, a recent report by CryptoQuant challenges this assumption, suggesting that the current market dynamics are […]
The investment firm already has significant exposure to gold, minerals, precious metals, petroleum, and other natural resources. Texas-based investment manager U.S. Global Investors, which reported $4.6 billion in assets under management as of Q1 2021, has bought exposure to Bitcoin.According to Aug. 30 filings from the U.S. Securities and Exchange Commission, U.S. Global Investors added more than $566,389 worth of shares of Grayscale Bitcoin (BTC) Trust, or GBTC, to three of its eight mutual funds as of June 30. The filings show the company invested $302,899 GBTC in its Gold and Precious....
According to a CoinShares report published earlier today, global crypto investment products related to Bitcoin (BTC) and Ethereum (ETH) experienced total outflows of $1.1 billion over the past week. In contrast, Solana (SOL) investment products attracted $291 million in inflows. Bitcoin, Ethereum Products Bleed While Solana Shines Crypto investment products experienced a total net outflow […]
Eventually, gold will only be purchasable using Bitcoin on Amagi Metals. In a surprise announcement made earlier today, Amagi Metals has revealed their plans to trade "exclusively in cryptocurrencies like Bitcoin." Amagi Metals is an American based precious metal dealer that specializes in providing precious metals, which they view as superior money, to an international market through the technological advancement now known as eCommerce. Since 2012, the company has taken a strong, supportive stance of Bitcoin and has promoted its use well beyond just accepting it on their website. In a....