Bitcoin

According to the most recent Digital Asset Fund Flows data published on a weekly basis by CoinShares, the rate of inflows has all but stopped one week after digital asset investment products recorded their greatest weekly inflow of $160 million since July 2022.The crypto data analytics company reports that &#34;trading volumes in investment products fell by 33% compared to the prior week, with digital asset investment products saw inflows reaching a dismal US$2.5m.&#34;Both of the data sets show significantly less engagement in the cryptocurrency market than the previous week, according to CoinShares. &#34;This was replicated in the larger bitcoin market where trade volumes on trusted exchanges decreased by 61%,&#34; the company added.The seven-day moving average of volumes was, in fact, about $22.5 billion as of Monday, down from almost $46 billion in mid-March, in accordance with data provided by The Block. Reduced volumes coincide with Bitcoin&#39;s recent sideways movement in the $28,000 region and other cryptocurrencies&#39; experience of rangebound conditions.Under the hood, Bitcoin sentiment is really more positive than could be expected. By market capitalization, the largest cryptocurrency in the world had inflows of $8.8 million while short Bitcoin investment products saw outflows of $2.5 million.The monetary worth of all managed assets has increased in line with the price of bitcoin, reaching &#34;their greatest level since the failure of 3 Arrows Capital in June 2022 at US$23.5bn,&#34; according to CoinShares.Smaller coins like Litecoin, Tron, Solana, XRP, and Polygon all had moderate tiny inflows while larger coins like Ethereum and multi-asset packages witnessed a combined outflow of $5.8 million.Inflows into short Ethereum (US$0.5m), according to CoinShares, &#34;indicate investors were apprehensive for the impending Shanghai upgrade which will enable un-staking (yield distribution)&#34;.After US banking failures in mid-March, according to data from alternative cryptocurrency analytics company CryptoQuant (which instead uses on-chain data), the amount of Bitcoin held by digital asset managers—which can include trusts and exchange-traded products—has been increasing in recent weeks.

Investors Continue Buying Bitcoin, Latest Fund Flows Report Shows – Here’s Why BTC Could Dominate Institutional Crypto Demand

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