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Cryptocurrency Funds

All articles tagged with #cryptocurrency funds

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
cryptocurrency-investment1 year ago

"Bitcoin ETFs Drive Record $2.7B Weekly Inflows, Surpassing Grayscale's Haul"

Crypto investment funds saw a record $2.7 billion in weekly inflows, bringing the year-to-date total to $10.3 billion, with bitcoin accounting for a significant portion of the inflows. The surge in inflows is driven by U.S.-based spot ETFs adding thousands of coins per day and a major rally in prices, leading to bitcoin hitting a fresh lifetime high of over $72,000. Solana also saw notable inflows of $24 million last week.

via CoinDesk|
#bitcoin#cryptocurrency-funds#cryptocurrency-investment
cryptocurrency1 year ago

"Institutional Capital Inflows Propel Bitcoin Funds to Record Highs Despite ETF Slowdown"

Despite a slight slowdown from the record-breaking inflows earlier this month, cryptocurrency funds received $598 million last week, with most of the cash going into Bitcoin exchange-traded funds (ETFs) such as BlackRock’s iShares ETF and Fidelity’s Wise Origin Bitcoin Trust. The approval of 10 spot Bitcoin ETFs by the Securities and Exchange Commission has driven interest in derivative products, pushing the price of Bitcoin up. While Grayscale's new ETF experienced significant outflows, overall investor interest in ETFs remains strong, with rumors of significant buying. Additionally, Ethereum, Chainlink, and XRP funds also saw inflows, and Bitcoin's price has reached a high not seen since 2021, trading at $53,418 per coin.

via Decrypt|
#bitcoin#cryptocurrency#cryptocurrency-funds