Cryptocurrency Fund Flows Decline as Bitcoin Price Trades Sideways
Cryptocurrency fund inflows declined by roughly 58% to $99 million last week. Lower investor appetite for digital asset funds could reflect uncertainty over bitcoin’s price, which recently has traded in a range between $53,000 and $61,000.
“Since the February price highs and heightened volatility, we have seen a steady decline in appetite amongst investors,” according to a report by CoinShares, a digital asset management firm.
- “We have also seen a decline in bitcoin investment product trading volumes to $713 million per day last week, versus $1.1 billion per day for 2021,” wrote CoinShares.
- Fund flow data also shows a regional divide. Inflows are slowing in the U.S., while Europe and Canada have sustained investor appetite.
- Bitcoin (BTC) products received a majority of inflows last week, while ethereum (ETH) and polkadot (DOT) lagged behind.
Recommended News
-
Caitlin Long’s Avanti Raises $37M Ahead of Crypto Bank Launch
Crypto bank Avanti raised $37 million from Series A investors as it prepares to take its digital banking operations online. In a press release, parent company Avanti Financial Group said Coinbase Ventures, Binance.US, Morgan Creek Digital, Slow Ventures and the University of Wyoming Foundation, among others, participated in the funding round. Avanti has raised $44 million total, the group said. Avanti said it will put the funds toward meeting regulatory capital requirements and further invest in its engineering team. It gained special-purpose depository institution (SPDI) status in October, joining fellow Wyoming-based crypto…
-
What is the origin of MTM, which is popular with capital
MTM is a blockchain project jointly built by the tally foundation, which is invested by the famous American investment company tally capital. Tally foundation, located in Chicago, USA, was founded in 2008 with abundant capital. It has a wide range of business, covering many fields, such as medicine, education, architecture, entertainment and so on MTM is a team composed of high-end researchers, professional medical professionals, dedicated investors and innovative engineers to create a unique platform. MTM is an important application scenario based on blockchain technology to solve stem cell traceability…
-
BSC will be launched in April, ERC, Heco, BSC, TRC four chains will be issued at the same time
The Coinbasis native token BasisCoin (abbreviation: BSC) is scheduled to be launched in April and will be launched on the four chains which are ERC, Heco, BSCand TRC. Coinbasis is an encryption platform jointly launched by the Australian bitcoin mining hardware giant Bitfury, FlashFX, AgriDigital and Othera, which is dedicated to the layout of the distributed storage ecosystem and the establishment and trading of distributed storage financial derivatives. It has been licensed the ASIC. BSC provides users with liquidity mining and lowers the entry threshold for blockchain mining. At the…
-
Recapping the First Few Weeks of CME Ether Futures
On February 8, CME Group officially launched Ether futures. ETH futures went live just a little more than three years after CME Group began offering Bitcoin futures. In this interview, CME Group Global Head of Equity Index and Alternative Investment Products Tim McCourt discusses the origins of ETH futures, what convinced them that the time was right for the product to go live, how institutional investors’ attitudes towards Ethereum (and crypto as a whole) have changed, and how the response from the market has been. When did you start thinking…
-
In 50,000 metaverse games, this one has the greast possibility to be the KING!
BTC was born to be the “leader” of the blockchain, but the “leader” of GAMFI has not yet been determined. With the advent of metaverse, ordinary GAMFI games are suffering an eclipse. There is no doubt that if there is a project that leads the metaverse field, it will be the king to control this arena! Science fiction movies such as “Ready Player One”, “Free Guy”, and “The Matrix” introduce us the concept metaverse, which has been predicted by many giant technology companies to be the next BIG THING. The term Metaverse comes from Neil…
-
Galaxy’s Institutional Ethereum Funds Raise $32M at Launch – From a Select Few
Galaxy Digital’s institutional-grade ether (ETH) funds have raised over $32 million since their February launch, according to documents filed Friday with the U.S. Securities and Exchange Commission. Early returns – for an “onshore” $22 million fund and its Cayman-domiciled $10 million sibling – reveal a small but deep-pocketed clientele participated in the twin funds’ earliest days. Just five total investors have joined the funds since Galaxy unveiled them in late January. The funds debuted as ETH settled in the $1,500 range, well below highs set February when the native asset of the world computer…
-
While top GameFis are experiencing crisis, where is the turning point? Elven World rises as a game changer!
“There are two paths to the future of mankind, either towards interstellar civilization or towards the virtual world of VR technology — the metaverse. ” As the pioneer of the metaverse sector, GameFi is a bottom-up revolution in nature. The future of GameFi will be extremely optimistic, but the current development has only just begun, not only that there are many challenges, but it is a long way to go.What’s the current state of GameFi industry? First Stage: Carnival The natural anti-monopoly attributes, ultra-high topicality and liquidity nature of GameFi make it an object of…
-
What is the origin of the capitalist FTS that has set the NFT market alight?
The world’s progress is a process of subversion and re-subversion, innovation and re-innovation, however, every epoch-making technological revolution has fundamentally advanced the progress of human civilization,, with Bitcoin’s ten-year 26 million investment income, and created numerous wealth myths in just a few years, the emergence of Bitcoin has also made the decentralized distributed ledger blockchain technology popular worldwide , making Bitcoin gradually The fourth industrial revolution, with blockchain as its core, will bring unprecedented changes to humanity. NFT (TNon-Fungible Token), a digital cryptocurrency on the blockchain, is divided into…
-
The Vision of Ethanim: Building New Public Chain for the Metaverse
As the advanced version of the digital era, many metaverse applications using multiple digital technologies are approaching us. Blockchain technology makes digital identity unique and digital asset confirmation also becomes possible. It builds a trustworthy economic form and also accelerates the development of metaverse. In the past six months or so, the metaverse conceptual application represented by crypto games has been noticed. Traditional game developers have introduced digital assets and NFT based on blockchain technology into the game precisely to form a new metaverse conceptual game with unified value and…
-
A good helper on the road to the Nuggets: Koala Arithmetic Mining Platform provides users with related products and services
2021 is a year of surging hot spots in the currency circle. The intensive evolution makes the market exciting, and investors are overwhelmed. They may miss opportunities when they hesitate, or blindly chase highs. Those who can firmly grasp the hot spots are always few. For all investors who want to capture deterministic returns in uncertain markets, mining is an indispensable asset allocation option. It is safer than direct investment in cryptocurrencies, is less affected by market fluctuations, has controllable risks and predictable returns, and has always been favored by…
