Money Keeps Flowing: Crypto Funds Hit Record $6-B Inflows
Investment flows into crypto exchange-traded products surged to a record level last week, signaling strong demand from large investors. Related Reading: Bitcoin Breaks $123,000 As Rising Open Interest Signals More Action Ahead According to CoinShares, crypto ETPs drew close to $6 billion in new money in the week that ended Friday, the biggest weekly inflow on record. Bitcoin led the move, taking in $3.6 billion alone as traders and funds piled into BTC offerings. Bitcoin Dominates The Week’s Inflows Reports have disclosed that the latest total beat the prior high of $4.4 billion by about....
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Crypto funds have posted near-record inflows during recent weeks as the gold investment products shed liquidity. A new report from market data aggregator CoinShares has revealed recent surging crypto inflows amid record gold outflows.The report, published Dec. 7, notes that gold investment products have seen record outflows of $9.2 billion over the past four weeks, as BTC products saw inflows of $1.4 billion.The combined crypto fund sector saw record inflows of $429 million over the past two weeks, with Ethereum funds attracting significant investment following the completion of Eth2’s....
Bitcoin dominates but Ethereum is growing in popularity for institutional investment products. According to digital asset investment manager, CoinShares, institutional-grade crypto asset investment products inflows have already reached record levels so far in 2021.According to Coinshares’ March 15 Fund Flows Weekly report first quarter inflows into cryptocurrency funds are up 7.7% and already total $4.2 billion, smashing the quarterly record of $3.9 billion set in Q4 2020.There are now five digital asset investment providers with over a billion dollars in assets under management, or AUM:....
With the crypto market’s decline, there have been a number of things that have changed drastically in the space. Mostly, investors have been rushing to get out of the market before the crash takes more of their funds. What this has led to has been a significant increase in the number of cryptocurrencies that are flowing to exchanges. Most notably have been Bitcoin and Ethereum, whose daily exchange inflows have touched billions of dollars. Billions In Crypto To Exchanges The data for the last 24 hours shows that the amount of funds that are being transferred into centralized....
Institutional investors are doubling their bets on Bitcoin, with investment funds related to the flagship crypto recording massive inflows last week. This development signals a bullish sentiment among these investors which could trigger a Bitcoin rally to $80,000. Bitcoin Investment Funds Record $942 Million In Inflows According to CoinShares’ latest weekly report, Bitcoin investment products recorded a net inflow of $942 million. These inflows are said to have been “an immediate response to the lower-than-expected CPI report on Wednesday,” with 89% of the total flows coming in the....
Ethereum exchange inflows had been on the high side for the better part of the past week. They averaged above $1 billion each day giving credence to the sell-off trend that has been experienced in the market. However, it seems there is a turn in the tide coming. As the weekend draws to a close, exchange inflows have been on the decline. This signals that the sellers are entering into a cool-off period that could potentially alter the price movement. Inflows Fall Below $1 Billion This week had opened up with alarming inflows into exchanges. Although the outflows had been enough to offset....