Fun

News Feed - 2023-11-28 04:11:00

Tom Blackstone5 hours agoInflows into Bitcoin investment products reach $1.5B year-to-dateInflows into digital asset products rose for a ninth consecutive week, according to CoinShares.1161 Total views11 Total sharesListen to article 0:00NewsJoin us on social networksBitcoin (BTC) exchange-traded products (ETPs) registered $312 million in inflows for the week of Nov. 24, bringing year-to-date inflows to around $1.5 billion, according to CoinShares. The weekly inflows for all cryptocurrencies totaled $346 million, continuing a nine-week trend of positive net flows.New record of inflows with US$346m this week, the highest total observed in the past 9 weeks of inflows.

– #Bitcoin –

$BTC: US$312m inflows (year-to-date inflows US$1.5bn)

Short Bitcoin: US$0.9m outflows

ETP volumes as a percentage of total spot Bitcoin volumes… pic.twitter.com/gMUPzTy0q4— CoinShares (@CoinSharesCo) November 27, 2023


Crypto ETPs experience inflows when their shares trade above the prices of their underlying assets, whereas they experience outflows when their shares trade below the value of their underlying assets. For this reason, inflows are often seen as a bullish indicator for the overall crypto market, whereas outflows are often seen as bearish.


Before Sept. 25, crypto ETPs had experienced outflows for several weeks, according to the report. But beginning in the week of Sept. 25–29, the sector began experiencing sustained weekly inflows. The amount of inflows also increased over time. The week ending on Nov. 24 saw the largest inflows of the entire nine-week period.Weekly crypto asset flows for the 47 weeks ending Nov. 24. Source: Coinshares


CoinShares stated that Canadian and German ETPs made up the largest portion of inflows for the week, at 87%. United States inflows were subdued at $30 million.


Crypto funds as a whole now have $45.4 billion in assets under management, the highest in 18 months. 


In a previous report, CoinShares speculated that these recent inflows may be influenced by growing optimism that a U.S. spot Bitcoin ETF will be approved. On Nov. 22, BlackRock met with the U.S. Securities and Exchange Commission in an attempt to make progress toward this goal. Grayscale met with the SEC for similar reasons.# Bitcoin# Blockchain# Bitcoin Analysis# Investments# ETF# Adoption# CoinSharesAdd reactionAdd reactionRead moreMainstream approval critical for blockchain games — Gaming execsThe ‘WAGMI’ mentality is undermining cryptoSpot ETF-induced Bitcoin rally isn’t guaranteed to stick: Analysts

News Feed

Tom Mitchelhill7 hours agoElon Musk AI project inspired memecoin ‘Grok’ falls 74% on creator scam claimA memecoin drawing its name from the Grok AI project plummeted after allegations its social media account was rec
Stellar (XLM) Price Could Surge To $0.38 — Analyst Explains How
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Ana Paula Pereira4 hours agoTokenization is “securitization done on steroids" — Franklin Templeton CEOSpeaking at CNBC’s Delivering Alpha event, Jenny Johnson discussed how digital assets are disrupting securi
Bitcoin’s Hashrate Slides 15% in 10 Days, Price and Difficulty Puts Pressure on BTC Miners
Bitcoin"s Hashrate Slides 15% in 10 Days, Price and Difficulty Puts Pressure on BTC Miners The price of bitcoin has been on a long losing streak since November 10, 2021, when the l
Vanguard’s outgoing CEO sticks to anti-Bitcoin ETF stance, despite inquiries
Ciaran Lyons2 hours agoVanguard’s outgoing CEO sticks to anti-Bitcoin ETF stance, despite inquiriesVanguard CEO Tim Buckley is resisting customer pressure to offer a spot Bitcoin ETF despite several of the firm’s com
2 American Banks Have Failed Since Coronavirus Started Spreading in the US
2 American Banks Have Failed Since Coronavirus Started Spreading in the US Since the coronavirus started spreading in the U.S., two banks have failed and were shut down by state
Gold Coins Help Zimbabwe Achieve ‘Price and Exchange Rate Stability’ — Central Bank
Gold Coins Help Zimbabwe Achieve "Price and Exchange Rate Stability" — Central Bank The Reserve Bank of Zimbabwe recently revealed that some 25,188 of its value-preserving gold c
OKX terminates services in India, asks users to withdraw funds by April 30
Prashant Jha13 hours agoOKX terminates services in India, asks users to withdraw funds by April 30OKX was among the nine foreign crypto exchanges blocked in India after the local regulators issued compliance notices.5207
Sanctioned Russian Bank Tests In-app Operations With Digital Rubles
Sanctioned Russian Bank Tests In-app Operations With Digital Rubles A Russian bank, one of the country’s largest by assets, has conducted a successful trial with digital rub
First gold ETF took 2 years to hit $10B, this Bitcoin ETF did it in 2 months
Martin Young3 hours agoFirst gold ETF took 2 years to hit $10B, this Bitcoin ETF did it in 2 monthsBlackRock’s iShares Bitcoin Trust has amassed $10 billion in assets under management in just seven weeks.2562 Total vie
Federal Reserve Governors Don’t See Reason to Issue Central Bank Digital Currency
Federal Reserve Governors Don"t See Reason to Issue Central Bank Digital Currency At least three Federal Reserve governors have said that they do not see a reason for the Fed to is
Solana Forms Textbook Cup And Handle Pattern – Massive Breakout Ahead?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu