Bitcoin

James

The most current data from CoinShares indicates that last week saw record inflows of $2.45 billion globally into <a href="https://optimisus.com/market/market-news/coinbase-exchange-sees-over-18000-btc-withdrawn/" rel="noopener noreferrer nofollow">crypto</a> funds managed by asset managers. This includes BlackRock, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares.  
With $5.2 billion raised for digital asset investment products so far this year, the new US-listed Bitcoin exchange-traded funds (ETFs) have proven to be the most successful thus far.  
According to CoinShares Head of Research James Butterfill, assets under management (AUM) at crypto investment firms have surpassed $67 billion, the highest amount since December 2021, the height of the previous bull market. Not to mention the recent price increases.  
With $2.4 billion in total, the US continued to dominate the region. Funds based in Germany and Switzerland reported minor inflows of $13.3 million and $16.7 million, respectively, while the largest outflows, totaling around $26.3 million, were reported from Sweden.  
According to Butterfill, the quick acceleration of net inflows and the decline in withdrawals from established players like Grayscale's converted GBTC ETF funds are the reasons for the increasing interest in the new U.S. spot Bitcoin ETFs.  
As anticipated, the great majority of the funds received last week came from investment products involving bitcoin.  
However, as some investors increased their short holdings, $5.8 million in inflows were added to short-bitcoin instruments. 
The post <a href="https://optimisus.com/news/crypto-news/blackrock-bitwise-fidelity-grayscale-proshares-and-21shares-had-record-inflows-of-2-45-billion-last-week/" rel="noopener noreferrer nofollow">BlackRock, Bitwise, Fidelity,&nbsp;Grayscale, ProShares, and 21Shares had record inflows of $2.45 billion last week</a> appeared first on <a href="https://optimisus.com" rel="noopener noreferrer nofollow">Optimisus</a>.

BlackRock, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares had record inflows of $2.45 billion last week

Optimisus

Другие статьи, опубликованные 20 февр. 2024 г.

Coinbase Commerce Delisting of DOGE and LTC; What's Behind Move?

Coinbase to Bring Derivatives Products to Canada: Report

Spectacular rise of Ethereum: Are we on the verge of the altseason?

Ethereum Gallops Toward $3,000; Investors Are Optimistic About Kaspa (KAS) and InQubeta’s (QUBE) ...

AI Stocks to Potentially Fuel Market Momentum, Defying Inflation Worries

The Evolution of UAE Trade Connect Toward Global Transformation: From UTC to Haifin

Join our free newsletter for daily crypto updates!