Fun

News Feed - 2023-07-25 10:07:18

Brayden Lindrea7 hours agoCrypto investors cool on Bitcoin funds, turning to Ether and XRPBitcoin-related funds saw outflows of $13 million over the past week, reversing five weeks of bullish inflows, according to Coinshares analyst James Butterfill.4844 Total views39 Total sharesListen to article 0:00NewsJoin us on social networksBitcoin-related investment products appear to have lost some of their sheen among crypto investors, recording its first week of outflows since Blackrock filed for spot Bitcoin ETF in June.


According to a July 24 report by CoinShares Head of Research James Butterfill, Bitcoin (BTC) investment products saw outflows of $13 million for the week ending July 21, reversing five weeks of inflows.


Short Bitcoin products also saw outflows of $5.5 million in the week.Bitcoin Fear and Greed Index is 50 ~ Neutral

Current price: $29,178 pic.twitter.com/T1DMFpsX9p— Bitcoin Fear and Greed Index (@BitcoinFear) July 25, 2023


In contrast, Ether (ETH) and XRP (XRP) investment products recorded a combined inflow of $9.2 million over the last week.


Butterfill noted that Ether investment products were the best performer last week with inflows of $6.6 million, while XRP funds recorded an inflow of $2.6 million. Altcoins Solana (SOL) and Polygon (MATIC) tracked inflows of $1.1 million and $0.7 million, respectively.Flows by the top digital asset investment products. Source: CoinShares


The apparent change of heart follows Ripple’s partial victory against the United States Securities and Exchange Commission on July 13, where the court ruled that XRP isn’t a security when sold on exchanges to the general public.


The news spiked XRP’s price up 76% to $0.83 before cooling off to $0.69 at the time of writing.


Related:BlackRock ETF will be ‘big rubber yes stamp’ for Bitcoin — Charles Edwards


Bitcoin however still remains the dominant digital asset investment product, with $558 million in inflows so far in 2023 and a total of $25.0 billion in assets under management — amounting to 67.4% of the total market share.


BTC is currently priced at $29,128, down 3.1% over the last 24 hours.


Over the last month, a host of financial institutions have filed for Bitcoin spot Exchange Traded Fund applicationswith the SEC since mid-June, including BlackRock, ARK Invest, Fidelity, Galaxy Digital, VanEck, Valkyrie Investments, NYDIG, SkyBridge and WisdomTree.


Magazine:Should you ‘orange pill’ children? The case for Bitcoin kids books# Bitcoin# Altcoin# Business# Ethereum# Ripple# Investments# Adoption# Markets# Ether Price# Cryptocurrency InvestmentAdd reactionAdd reactionRelated NewsWhat are fan tokens, and how do they work?How do DeFi projects generate profit?History of Python programming languageMonochrome Bitcoin ETF gets filed to Australian securities exchangePrice analysis 7/14: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, LTC, MATIC, DOTPrice analysis 7/17: SPX, DXY, BTC, ETH, XRP, BNB, SOL, ADA, DOGE, MATIC

News Feed

Marc Cuban wallet dumps NFTs, market volume drops 45%: Nifty Newsletter
Ezra Reguerra4 hours agoMarc Cuban wallet dumps NFTs, market volume drops 45%: Nifty NewsletterMarc Cuban has offloaded some NFTs, while overall NFT sales volume dropped by 45% in Q2.2210 Total views2 Total sharesListen
3AC-linked wallet bought NFT for $59K due to 3-year-old offer that wasn’t canceled
Christopher Roark3 hours ago3AC-linked wallet bought NFT for $59K due to 3-year-old offer that wasn’t canceledArkham data shows that a wallet belonging to failed hedge fund 3AC spent $59,000 on the Neon Village NFT fro
Binance Discontinues Crypto Products and Services in South Korea
Binance Discontinues Crypto Products and Services in South Korea On August 13, the cryptocurrency exchange Binance revealed it is ending a great number of servic
From Gold to Greenbacks: A Look at the US Dollar’s Devaluation, Manipulation and Militant Backing
From Gold to Greenbacks: A Look at the US Dollar’s Devaluation, Manipulation and Militant Backing 228 years ago the U.S. dollar was created and ever since then
Cardano Could Be Heading For A 20% Correction – Technical Data Signals Bearish Price Structure
Este artículo también está disponible en español. Cardano (ADA) has seen significant volatility in recent weeks, capturing the attention of investors and analysts alike.
Binance Discontinues Futures and Derivatives Products in Germany, Italy, and the Netherlands
Binance Discontinues Futures and Derivatives Products in Germany, Italy, and the Netherlands Binance, the leading cryptocurrency exchange by trading volumes, ann
Indonesia’s Regulator Prohibits Financial Firms From Facilitating Crypto Trading
Indonesia"s Regulator Prohibits Financial Firms From Facilitating Crypto Trading Indonesia’s Financial Services Authority (OJK) has prohibited financial firms from using, ma
2 Days After the Bitcoin Halving: Network ‘Remains Strong,’ Higher Fees, Bullish Sentiment
2 Days After the Bitcoin Halving: Network "Remains Strong," Higher Fees, Bullish SentimentOn May 11, 2020, the Bitcoin network completed it’s third block reward halving and th
Cashing Out Bitcoin Using ATMs: Popular Youtuber Successfully Turns $16K in BTC Into Cash
Cashing Out Bitcoin Using ATMs: Popular Youtuber Successfully Turns $16K in BTC Into Cash On January 23, 2021, the popular Youtuber Mambafx published a video of
US Regulators Target Bitcoin ATMs: 88% of the Funds Exit the Country via Machines
US Regulators Target Bitcoin ATMs: 88% of the Funds Exit the Country via MachinesBitcoin automated teller machines (BATMs) will become the next target for regulators, as world gover
Japanese Firms SBI and GMO Join the Digital Gold Rush in Texas
Japanese Firms SBI and GMO Join the Digital Gold Rush in Texas The city of Rockdale, Texas is attracting attention again, similar to the interest the region saw back in the fifti
Mars4 Metaverse NFT Sale Raises Over $250K in a Day: The World’s First Virtual Mars NFTs Are Selling Rapidly
Mars4 Metaverse NFT Sale Raises Over $250K in a Day: The World’s First Virtual Mars NFTs Are Selling Rapidly sponsored Mars4 is a multi-tiered project that combines NFTs, Crypto a