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Coinshares

All articles tagged with #coinshares

finance1 year ago

Bitcoin ETFs Surge with Record Inflows Amid $100K Resistance

Bitcoin ETFs experienced their largest inflow ever, with $3.1 billion invested in a single week as Bitcoin prices approached $100,000. This surge in investment highlights the growing interest in digital assets, with year-to-date inflows reaching a record $37 billion, significantly surpassing the initial performance of U.S. gold ETFs. The approval of Bitcoin ETFs by the U.S. SEC has facilitated easier access for American investors, contributing to the record-breaking inflows.

via Decrypt|
#bitcoin#coinshares#cryptocurrency
cryptocurrency1 year ago

"Bitcoin ETFs: Assessing the Impact of $200M Outflow and $14 Billion Year-to-Date Growth"

CoinShares reports that inflows into major cryptocurrency funds have reached a record high of $13.8 billion for 2022, with Bitcoin being the main focus. Despite the approval of 11 Bitcoin ETFs in January, investor enthusiasm for these products is "moderating." While Grayscale's Bitcoin Trust has experienced outflows, funds like BlackRock’s iShares Bitcoin Trust and Fidelity’s Wise Origin Bitcoin Fund continue to attract investments. Additionally, European crypto funds saw inflows for digital assets like Solana and Litecoin, while Ethereum funds experienced outflows for the fourth consecutive week.

via Decrypt|
#bitcoin#coinshares#cryptocurrency
cryptocurrency1 year ago

"Bitcoin ETFs Propel Crypto Funds to Record $2.7 Billion Weekly Gain"

Bitcoin's price surge is attributed to the influx of cash into investment products providing exposure to the asset, resulting in a record-breaking week for crypto funds with $2.7 billion flowing in, primarily focused on BTC. The majority of the cash is directed towards new spot BTC exchange-traded funds, following the SEC's approval in January. Investors are also showing interest in altcoins like Solana, with its funds receiving $24 million, while BTC's price has soared to new highs, currently trading at $72,362.

via Decrypt|
#bitcoin#coinshares#crypto-funds
cryptocurrency1 year ago

"Bitcoin ETF Mania Sparks Record $2.5 Billion Weekly Inflows for Crypto Funds"

Demand for spot Bitcoin exchange-traded funds (ETFs) has driven a record week for crypto funds, with investors pouring $2.45 billion into such funds, bringing total assets under management to $67 billion. The approval of spot Bitcoin ETFs by the Securities and Exchange Commission has allowed traditional investors to safely and regulatedly access cryptocurrencies, leading to significant inflows into these funds. Most of the investment has been focused on Bitcoin, with the largest digital coin's price standing at $51,800.

via Decrypt|
#bitcoin#coinshares#crypto-funds
cryptocurrency-investment1 year ago

"Record Inflows: Bitcoin ETFs and the Future of Crypto Funds"

Last week, a record $2.5 billion flowed into crypto exchange-traded products, with bitcoin funds accounting for 99% of the inflows. BlackRock's IBIT and Fidelity's FBTC saw massive allocations, compensating for outflows from Grayscale's GBTC. The demand for bitcoin ETFs surged, with $2.4 billion flowing into digital asset investment products, indicating increasing interest in spot-based ETFs. Additionally, the wider crypto asset class also saw a record weekly inflow, with bitcoin dominating the inflows and ether products experiencing the second-largest inflow.

via CoinDesk|
#bitcoin#blackrock#coinshares
cryptocurrency1 year ago

Bitcoin ETFs See Record Inflows, Surpassing $1 Billion Amid Historic Price Rally

Bitcoin funds have gained $1.1 billion in inflows, reaching their highest level since early 2022, following the approval of new spot Bitcoin exchange-traded funds (ETFs). Large investors have contributed to the influx of cash into crypto-focused funds, with most of the money focused on the new spot BTC ETFs. Despite a recent dip in BTC price after Grayscale began selling BTC to its custodian, Coinbase, the selling has slowed, and money continues to flow into the funds, causing the price of BTC to edge higher. Additionally, funds giving exposure to Ethereum and Cardano have also seen inflows.

via Decrypt|
#bitcoin#coinshares#cryptocurrency
cryptocurrency-investment1 year ago

"Institutional Investors Drive Record Inflows to Bitcoin ETFs, BlackRock and Fidelity Lead the Way"

Bitcoin-focused investment vehicles saw over $700 million in net inflows last week, with new spot bitcoin ETFs like IBTC and FBTC from BlackRock and Fidelity leading the way. This offset the significant outflows from Grayscale's GBTC fund, which saw a notable drop in withdrawals. The report from CoinShares highlighted a reduction in the momentum of outflows from existing bitcoin funds, as new ETFs amassed $7.7 billion in funds, surpassing the $6 billion outflows from incumbents. Additionally, Solana (SOL) topped inflows to altcoin-focused funds, while Ethereum's ether (ETH) and Avalanche's native token (AVAX) experienced outflows.

via CoinDesk|
#bitcoin#blackrock#coinshares
cryptocurrency2 years ago

"Bitcoin ETFs See $4 Billion Inflows While Crypto Funds Experience Outflows"

Following the launch of spot Bitcoin exchange-traded funds (ETFs), high-profile crypto funds such as Grayscale, CoinShares, and 21Shares have experienced significant outflows totaling $2.9 billion, while newly issued Bitcoin ETFs have seen inflows of $4.13 billion. Investors are shifting their money into the new Bitcoin ETFs, with BlackRock’s iShares Bitcoin Trust emerging as the best-performing ETF. Additionally, Grayscale’s Bitcoin Trust has seen over $2.2 billion in outflows since its conversion to an ETF, as investors are now able to redeem their shares.

via Decrypt|
#bitcoin#coinshares#crypto-funds
cryptocurrency2 years ago

Crypto Markets See Surge in Institutional Investment Amidst Positive Sentiment

Institutional investors are flooding the crypto markets with improved sentiment, with digital asset investment products seeing the largest single weekly inflows since July 2022, totaling $199 million, according to CoinShares. BTC products took the brunt of the inflows with $188 million, while Ethereum and multi-asset ETPs also saw a big jump. Altcoins XRP and Solana saw minor inflows of $0.24 and $0.17 million last week as well.

via The Daily Hodl|
#bitcoin#coinshares#cryptocurrency
cryptocurrency2 years ago

Crypto Investment Sentiment Surges with Record Inflows and Wall Street Support

Digital asset investment products witnessed the largest single weekly inflows in a year, dominated by bitcoin-related products, after nine consecutive weeks of outflows, according to a report from CoinShares. The inflows totalled $199 million, which reversed almost half of the prior nine consecutive weeks of outflows. The positive sentiment is due to recent announcements from high profile ETP issuers that have filed for physically backed ETFs with the U.S. Securities & Exchange Commission. However, the positive sentiment didn’t flow through into altcoin investments, according to the report.

via CoinDesk|
#bitcoin#coinshares#cryptocurrency
cryptocurrency2 years ago

Crypto Market Struggles as Institutional Investors Sell-Off and Interest Wanes

Institutional investors sold off $62 million in crypto holdings last week, with Bitcoin and altcoins suffering major outflows for the seventh week in a row, according to CoinShares. Tron suffered the biggest hit, with $51 million in outflows, while XRP and Polygon products enjoyed inflows of $0.6 and $0.4 million, respectively. Short Bitcoin products saw even more outflows at $6.3 million, but CoinShares believes this is due to investors taking profits and exiting short positions rather than a structural downshift in sentiment for the asset.

via The Daily Hodl|
#bitcoin#coinshares#cryptocurrency