cryptd.in

암호화폐 친화적인 인재를 위한 대체 링크드인

Bitcoin Dominates as Crypto Funds Attract $1.44 Billion in Fresh Capital, Rally To Begin?

-

by

in

Following Bitcoin’s gradual rebound seen last week, the global crypto investment products also appear to have witnessed a notable influx of funds, with a substantial $1.44 billion pouring in over the same period.

According to CoinShares, a leading crypto asset management firm, this surge has pushed the year-to-date total to top roughly $17.8 billion, highlighting a growing confidence among investors despite recent market downturns.

Surge In Crypto Fund Inflows

According to the insight shared by CoinShares in its latest report, last week’s activity marked one of the largest net inflows recorded, significantly outpacing the $10.6 billion accumulated during the entire bull run of 2021.

This significant increase can be largely attributed to investors taking advantage of recent dips in the prices of many different cryptocurrencies. Bitcoin-centric funds dominated this movement, bringing in about $1.35 billion of that total amount.

This indicates investors’ robust appetite for the leading cryptocurrency, which continues to dominate the market despite periodic volatility.

Conversely, products betting against Bitcoin (short-BTC Products) saw a reversal in fortune, registering net outflows of $8.6 million—the most significant outflow since April.

The shift in holdings indicates a change of heart, which could be due to more favorable market conditions, or it may simply involve strategic portfolio changes for large holders. James Butterfill, head of research at CoinShares, particularly noted:

We believe price weakness due to the German Government bitcoin sales and a turnaround in sentiment due to lower than expect CPI in the US prompted investor to add to positions.

While the inflow rise was global, US-based funds were by far the largest receiver at $1.3 billion. However, there were also considerable inflows in other parts of the world.

For instance, Switzerland saw $36 million, and Hong Kong and Canada collectively added more than $137 million, indicating a universal interest in cryptocurrency investment.

Interestingly, Ethereum-based investment products also enjoyed a significant boost, with a $72 million increase in inflows. Butterfill disclosed that this spike is likely “in anticipation of the imminent approval of the spot-based exchange-traded fund (ETF) in the US.”

Gradual Recovery: Bitcoin And Ethereum Market Performance

So far, the inflows seen in the crypto market last week appear to be now reflected in Bitcoin and Ethereum’s price, with both assets now seeing noticeable rebounds following their recent correction, which made BTC fall as low as $53,000 levels and Ethereum dropping below $2,900.

Over the past 24 hours alone, Bitcoin has seen quite the surge, increasing by 6.1% in value to reclaim the $63,000 mark. At the time of writing, the asset currently trades at $63,764, still down roughly 13.9% from its March peak above $73,000.

Ethereum also appears to be mirroring BTC’s price performance. The second largest crypto by market cap is also up 6.4% in the past 24 hours to stand at a current trading price of $3,396.

Featured image created with DALL-E, Chart from TradingView

댓글

답글 남기기

이메일 주소는 공개되지 않습니다. 필수 필드는 *로 표시됩니다

최신 피드

인기 카테고리

ko_KR 한국어
ko_KR 한국어 en_US English ro_RO Română et Eesti ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español zh_CN 简体中文 fr_FR Français zh_TW 繁體中文 pt_PT Português it_IT Italiano pl_PL Polski tr_TR Türkçe nl_NL Nederlands id_ID Bahasa Indonesia el Ελληνικά uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba nb_NO Norsk bokmål sk_SK Slovenčina sl_SI Slovenščina sv_SE Svenska

웹사이트 검색

인기 스토리

태그

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElection (1) #BinanceVsCoinbase (1) #B비트코인 (401) #BitcoinETF (3) #B비트코인기초 (1) #B비트코인 취급 (1) #B비트코인가격 (5) #B비트코인가격수준 (1) #B비트코인펌프 (1) #B비트코인예치 (1) #B비트코인서지 (1) #BitcoinTop (1) #Bitfinex (1) #B비트 단위 (1) #브레이스브리지캐피털 (1) #BRC20토큰 (1) #BTC취득 (1) #B울리스틱 예측 (1) #BullishSentiment (1) #C중국광업 (1) #CPIP리뷰 (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #CryptoMarket (4) #CryptoPrediction (1) #CryptoPredictions (1) #CryptoRegulation (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoUncertainty (1) #DerivativeJump (1) #Dogecoin (71) #DogecoinGains (1) #DogecoinVolume (1) #DutchCourt (2) #ECommerce (1) 1TP5테엘살바도르비트코인 (1) 1TP5테더리움 (65) 1TP5테더리움통증 (1) 1TP5테더리움가격 (1) 1TP5전문가 의견 (1) #FedRateCut (1) #FiatCurrency (1) #FinancialImpact (1) #FinancialPrivacy (1) #FirmShutdown (1) #FrozenAccounts (1) #IllicitFunds (1) #인플레이션데이터 (1) #투자 (1) #투자손실 (1) #일본기업 (1) #LegalAction (1) #LegalImpact (1) #법률 (1) #라이트닝 네트워크 (1) 1TP5시장분석 (3) 1TP5시장 모니터링 (1) 1TP5시장 예측 (1) 1TP5시장 예측 (1) #MarketProjection (1) 1TP5마켓지원 (1) 1TP5시장변동성 (1) #M결혼 (1) #MemeCoin (5) #MemeCoins (2) #M광부수익성 (1) #MoneyLaundering (2) #MtGox (4) 1TP5북한암호화 (1) 1TP5노보그라츠예측 (1) #P가격 마일스톤 (1) #P가격 예측 (2) #P가격 질문 (1) #PriceSurge (1) #P형량 (1) #QuantAnalysis (1) 1TP5규제압력 (1) #SEC안티크립토 (1) #ShibaInu (5) #SocialBuzz (1) 1TP5기술분석 (1) #Toncoin (3) #TornadoCash (3) #TornadoCashDev (1) 1TP5토네이도캐시개발자 (1) #UKCrypto (1) #업사이드 잠재력 (1) #USCongress (1) #와이오밍랜드 (1) #XRP가격 (1) #XRP업스윙 (1)

유용한 링크

유용하다고 생각되어 공유하고 싶은 링크.