“It is difficult to ascertain the precise reason for this other than the hawkish rhetoric from the US Federal Reserve and the recent price decline,” CoinShares wrote. Institutional investors shed $133 million worth of Bitcoin (BTC) investment products last week, marking the largest week of outflows since June last year. According to the latest edition…
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Analysis from CoinShares shows investors favored smaller altcoins last week as capital outflows for Ethereum hit $17 million. Institutional investors have shifted their attention from Ethereum (ETH) to competing Layer 1 blockchains of late, with capital inflows for altcoin investment products increasing last week whilst Ether products posted outflows for the third week in a…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________ ____(Updated at 15:51 UTC with an announcement from Animoca Brands.)… Read More: Bitcoin and Ethereum Investment Outflows Accelerate, No ‘Significant Stress Among Investors’ + More News Read more »Pay, Trade, Buy…
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The total aggregate digital assets under management (AUM) surged to $48.7 billion in March, up from the $43.9 billion that was recorded in January, the latest data from Crypto Compare has shown. In contrast, the average daily trading volumes fell by 29.6% to $259 million during this period. BTC and ETH Products Lag Behind According…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________ … Read More: 4 Qualities of Digital Dollar, Crypto Mortgages, Polkadot’s Fund, Solana ETP + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
Capital flowed into BTC funds for a seventh consecutive week, while ETH products registered their largest gain in 13 weeks. Inflows into cryptocurrency investment funds rose sharply last week, offering cautious optimism that investors are broadening their exposure to digital assets despite geopolitical uncertainty and monetary tightening from central banks. Digital asset investment products registered…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________… Read More: Sotheby’s Cancels CryptoPunks Auction, Canada Ends Use of Emergencies Act + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
CoinShares noted that despite “price weakness and perceived negative impact from the looming conflict in Eastern Europe,” digital asset investment products saw inflows totaling $109 last week. Amid a marketwide downturn across major crypto assets over the past week, institutional traders tipped almost $89 million into Bitcoin (BTC) funds. However, the money men failed to…
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CoinShares data reveals that the worst of the crypto market downturn may have passed as institutions bought the dip. Inflows into cryptocurrency investment funds rose sharply last week, with Ether (ETH) products breaking a nine-week spell of outflows in the latest sign that institutional managers were re-accumulating assets. Digital asset investment products registered $75.3 million…
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During the last year, Bitcoin — the cryptocurrency network that leverages proof-of-work (PoW) to process transactions and secure the protocol — has received a lot of criticism about its environmental impact. This week, the cryptocurrency firm Coinshares published a report that shows talking points condemning the network’s electrical consumption have been greatly exaggerated. According to…
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