Ethereum

Solana

Bitcoin

MN Coin

<div class="dailyhodl">
 <p>Digital assets manager CoinShares says institutions are pouring money into crypto exchange-traded products (ETPs) to the tune of $708 million weeks after the U.S. Securities and Exchange Commission (SEC) approved spot BTC exchange-traded funds (ETFs).</p>
 <p>In its latest Digital Asset Fund Flows&nbsp;report, CoinShares finds that crypto investment products saw massive inflows last week as Grayscale outflows slowed down a bit.</p>
 <div class="code-block code-block-055f5289fd7e731bb72be7c5a19d18ed code-block-1">  
 </div>
 <p><em>“Digital asset investment products saw large inflows totaling $708 million last week, bringing year-to-date inflows to US$1.6bn and total global assets under management to $53 billion. </em></p>
 <p><em>Trading volumes in ETPs fell to $8.2 billion compared to the prior week total of $10.6 billion, although remain well above the $1.5 billion week average in 2023.”</em></p>
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://miro.medium.com/v2/resize:fit:4800/format:webp/1*9mdHRvY8ZA4BxcAMPTyZ1Q.png" alt="" width="1063" height="499">
  <figcaption id="caption-attachment-190710" class="wp-caption-text">
   Source: CoinShares Digital Asset Fund Flows Weekly Report
  </figcaption>
 </figure>
 <p>Recently issued US-based ETFs enjoyed inflows of $1.9 billion over the last four weeks, according to the data. Such ETFs have seen nearly $7.7 billion in inflows since their approval by the SEC last month.</p>
 <p><em>“This has been offset by outflows from incumbent issuers, which total $6 billion, but data highlights a significant reduction in momentum of these outflows in recent weeks.”</em></p>
 <p>BTC products saw the overwhelming majority of the inflows at $703 million, while Ethereum (ETH) products suffered $6.4 million in losses. ETH-rival Avalance (AVAX) lost $1.3 million of outflows, while Solana (SOL) products brought in $13 million worth of inflows.</p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/708-000-000-in-institutional-money-hits-bitcoin-btc-and-crypto-etps-in-one-week-coinshares-tbt78966.html">https://thebittimes.com/708-000-000-in-institutional-money-hits-bitcoin-btc-and-crypto-etps-in-one-week-coinshares-tbt78966.html</a></p>

$708,000,000 in Institutional Money Hits Bitcoin (BTC) and Crypto ETPs in One Week: CoinShares

TheBitTimes

2024년 2월 5일에 게재된 다른 기사

SEC wins motion to disclose Ripple financial statements, XRP sales details

SEC Chair Gensler responds to alleged Twitter hack and BTC ETF approval hoax

MANTA Price Prediction 2024-2030: Will Manta Network Survive Or Crash?

Ethereum Price Rebounds and Market Outlook

President Bukele Declares Victory in Reelection: El Salvador to View Crypto Advancements

$XRP Hack Spooks Investors Into Seeking Out New Coins – Here’s One of Them

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!