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Well guys I'm officially an HODLR. Don't worry and HODL🤣
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Bitcoin Commands Inflows: $703M Weekly Dominance Represents 99% of Total, Says Report
In the most recent weekly report by Coinshares on the inflows of digital asset funds, Bitcoin takes center stage, showcasing an outstanding inflow of $703 million. This substantial amount represents an impressive 99% of the total inflows for the week, emphasizing Bitcoin's enduring supremacy in the cryptocurrency market.
Solana emerges as a noteworthy contender in this week's report, securing $13 million in inflows and surpassing both Ethereum and Avalanche, which saw outflows of $6.4 million and $1.3 million, respectively. The total inflow for digital asset investment products reached an impressive $708 million for the week, contributing to a year-to-date total of $1.6 billion.
Despite a slight dip in trading volume for Exchange-Traded Products (ETPs) from $10.6 billion to $8.2 billion, the current data reveals a substantial increase from the previous year's weekly average of $1.5 billion in inflows.
The Spot Bitcoin ETFs, launched on January 11, have accumulated a total of $7.7 billion in inflows since their inception. Over the past week, these ETFs experienced an additional $1.7 billion in inflows, with a four-week total reaching $1.9 billion.
As per Coinshares' list, iShares' ETF, iShares Bitcoin Trust (IBIT), secured a dominant position with an impressive inflow of $883.5 million in the last week. Following closely is Fidelity's ETF, with $674.3 million in inflows. Meanwhile, industry giant Grayscale faced a substantial challenge, witnessing outflows of $926.7 million.
The initial frontrunner in the ETF arena, Grayscale, has seen a shift in momentum as other ETFs, such as IBIT and Fidelity's FBTC, outpace it in recent days.
Chinese reporter Colin Wu shared insights on the global scenario, revealing that the total Assets Under Management for digital asset investment products stand at $52.883 billion. The United States leads the inflows in this sector with an impressive $721 million, while other countries like Switzerland, Germany, and Brazil also experienced modest inflows, adding $20.9 million, $3.5 million, and $1.3 million, respectively. The report underscores Bitcoin's enduring influence and the dynamic nature of the digital asset investment landscape.
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CoinShares Reports Strong Revenue Growth in Q2 2023
The revenue increase was mainly driven by the firm's proprietary trading activities. CoinShares, a Bitcoin and Ether manager, along with various altcoin crypto exchange-traded products (ETPs) in Europe, reported a total revenue of 20.3 million pounds ($25.9 million) in the second quarter of 2023, representing a significant 33% growth compared to the same quarter of the previous year. The firm's asset management fees experienced a decline of 25% year-over-year, amounting to 10.6 million pounds ($13.52 million). However, this decrease was offset by a gain of 10 million pounds ($12.76 million) from capital markets operations, particularly trading. As a result, CoinShares achieved profits of 5.3 million pounds ($6.76 million) in the quarter, a significant turnaround from the loss of 0.6 million pounds ($0.77 million) in Q2
Read more on CoinShares Reports Strong Revenue Growth in Q2 2023
#adoption#altcoin#bitcoin#blockchain#CoinShares#cryptocurrency#cryptomarket#cryptonewstoday#ethereum#news
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Bitcoin trading has lost activity, but it's not so bad, experts are sure.
The price of bitcoin has been hovering around $20,000 for the past few months with little fluctuation, which experts say is a good sign. The recent lack of volatility is not a bad thing, analysts and investors say, as it could indicate signs of a price bottom.
After a significant rise in 2021, when bitcoin traded at $68,990, its price has fallen and is holding around $20,000. According to Kaiko, the 20-day moving average volatility of the cryptocurrency fell below the Nasdaq indices for the first time since 2020. and S&P 500… Detail: https://bitcoingrandee.com/news NEWS
#Cryptocurrency#Blockchain#Business#News#Bitcoin#Kaiko#USA#Mastercard#Visa#FTX#WaveFinancial#CoinShares
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Upcoming Enormously Massive Plans For Bitcoin Whales
Why are Bitcoin Whales worth watching for investors?
Crypto's run keeps mesmerizing. Despite the fact that Bitcoin has been stabilizing near the $50,000 level, recent losses were swiftly purchased, demonstrating strong buyer support. The number of bitcoin whales is a crucial metric to follow. And as the price of bitcoin keeps rising, this has been becoming worse.
The number of addresses holding between 1,000 and 10,000 bitcoins—referred to as whales—has now reached an all-time high.
Learn more here>>>
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CoinShares reports $21.7M loss tied to Terra implosion
The firm's book-making took a huge hit after being exposed to the TerraUSD collapse.
from Cointelegraph.com News https://ift.tt/Hy1EKXs
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Digital property supervisor CoinShares studies that Cardano (ADA), Solana (SOL) and XRP merchandise are bucking the development of an in any other case pessimistic institutional funding local weather.In its newest Digital Asset Fund Flows Weekly Report, CoinShares says buyers are at the moment much less optimistic as mirrored in outflows over eight of the final 9 weeks totaling over $450 million.CoinShares finds that digital property noticed outflows of $54 million final week, marking the fifth week of outflows in a row.“Digital asset investment products saw outflows totaling US$54m last week, marking the 5th consecutive week. There have been outflows for 8 out of the last 9 weeks that aggregate to US$455m, with year-to-date net inflows falling to just US$51m.”Supply: CoinSharesBased on CoinShares, a lot of the outflow exercise can regionally be traced again to the USA.Per normal, the main crypto by market cap Bitcoin (BTC) suffered the heaviest outflows.“Bitcoin comprised 85% of the outflows, seeing US$45m last week. Short-bitcoin inflows the prior week proved to be short-lived, with outflows of US$3.8m last week, However, it remains the most loved investment product with month-to-date inflows at US$12m.”In the meantime, Ethereum (ETH) merchandise bled out to the tune of almost $5 million final week, whereas Binance Coin (BNB) and Polygon (MATIC) misplaced $0.3 million every.Not all altcoins went down although. Solana (SOL), Cardano (ADA), and XRP merchandise all noticed inflows totaling $0.7 million, $0.4 million, and $0.1 million, respectively.Don’t Miss a Beat – Subscribe to get e-mail alerts delivered on to your inbox Test Worth MotionObserve us on Twitter, Fb and TelegramSurf The Each day Hodl CombineTest Newest Information Headlines Disclaimer: Opinions expressed at The Each day Hodl are usually not funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your personal danger, and any loses it's possible you'll incur are your duty. The Each day Hodl doesn't suggest the shopping for or promoting of any cryptocurrencies or digital property, neither is The Each day Hodl an funding advisor. Please observe that The Each day Hodl participates in affiliate internet marketing.Generated Picture: MidjourneySupply: https://dailyhodl.com/2023/09/18/cardano-solana-and-xrp-see-institutional-inflows-while-bitcoin-and-ethereum-investments-slide-coinshares/
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Red Flags in Digital Assets: Grayscale ETF Witnesses Significant Outflows, Totaling $500M Globally
CoinShares' recent Digital Asset Fund Flows Weekly Report (Volume 167) paints a nuanced picture of the global digital asset investment landscape, marked by substantial outflows totaling $500 million. Notably, the focus of these outflows is on key regions, with the US, Switzerland, and Germany experiencing significant outflows amounting to $409 million, $60 million, and $32 million, respectively.
A noteworthy factor contributing to recent price declines is the substantial outflows from Grayscale, the first ETF issuer in the US, totaling an impressive $5 billion since January 11, 2024. Last week alone witnessed outflows of $2.2 billion from Grayscale. However, emerging data indicates a potential subsiding trend as daily outflow totals gradually reduced over the week.
On the flip side, newly issued US ETFs have seen remarkable inflows, totaling $1.8 billion last week. Since their launch on January 11, 2024, these ETFs have attracted an impressive $5.94 billion in total inflows. Considering Grayscale's outflows since launch, the net inflows for these new ETFs now stand at $807 million. Despite these positive flows, there is a belief that a significant portion of the observed price falls can be attributed to the acquisition of Bitcoin seed capital before January 11.
Bitcoin takes center stage, experiencing substantial outflows totaling $479 million. Simultaneously, short-bitcoin products saw further inflows, reaching $10.6 million.
Last week, altcoins faced predominant outflows, with Ethereum leading the pack at $39 million, followed by Polkadot and Chainlink with outflows of $0.7 million and $0.6 million, respectively. On a different note, blockchain equities witnessed increased investor interest, with inflows totaling US$17 million last week
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Institutional Investors Are Selling Ethereum: He's Buying His 7!
CoinShares’ latest report reveals that positive sentiment towards crypto assets continues, with total inflows reaching US$646 million last week. This brings the year-to-date count to a record-breaking US$13.8 billion, surpassing the previous high of US$10.6 billion set in 2021. But there are signs that the initial frenzy around Exchange Traded Funds (ETFs) may be abating. Here is some data for…
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Digital assets manager CoinShares says institutions resumed investing in crypto products last week after a brief break. In its latest Digital Asset Fund Flows report, CoinShares says digital asset investment products brought in $862 million in inflo #Blockchain #Crypto
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