Cryptocurrency Fund Flows Decline as Bitcoin Price Trades Sideways
Cryptocurrency fund inflows declined by roughly 58% to $99 million last week. Lower investor appetite for digital asset funds could reflect uncertainty over bitcoin’s price, which recently has traded in a range between $53,000 and $61,000.
“Since the February price highs and heightened volatility, we have seen a steady decline in appetite amongst investors,” according to a report by CoinShares, a digital asset management firm.
- “We have also seen a decline in bitcoin investment product trading volumes to $713 million per day last week, versus $1.1 billion per day for 2021,” wrote CoinShares.
- Fund flow data also shows a regional divide. Inflows are slowing in the U.S., while Europe and Canada have sustained investor appetite.
- Bitcoin (BTC) products received a majority of inflows last week, while ethereum (ETH) and polkadot (DOT) lagged behind.
Recommended News
-
An AMA about KList
Moderator:Today, we are honored to have KList Sponsor Adam Durst at the KList TG group, and give us a detailed introduction to KList’s strengths and future development plans. Now let’s welcome Adam. Adam:Thanks to the moderator and thanks to our KList friends. We can start now. Moderator:Please tell us briefly what KList is used for? Adam:Klist is a cross-chain super IDO protocol built for decentralization. KList will first be deployed on the OKexChain, and then we will deploy a cross-chain IDO platform that supports multiple chains on Ethereum…
04/24/2021 -
Bear Market Shocks! CoinW’s 0 transaction fee on spot trading helps users to make valuable investment
Fears of a global recession and the worst inflation in over 40 years have wreaked havoc on the emerging cryptocurrency market this year. Coming into August, the crypto industry shows no signs of recovery. It is not easy for investors to stay calm, but it is important to remember that regardless of market conditions, never be an ostrich with your head in the sand, but rather follow the laws of the market and make the most of the current bear market opportunities to find investment breakthroughs. Total cryptocurrency market cap…
07/22/2022 -
No Joke: Chipotle to Give Away $200K in Free Burritos and Bitcoin on April 1
Fast-casual restaurant Chipotle Mexican Grill (NYSE: CMG) said it will be giving away $100,000 in free burritos and $100,000 in bitcoin (BTC, +0.12%) in honor of National Burrito Day on April 1. In an announcement, the restaurant said it has teamed up with former Ripple Labs CTO Stefan Thomas to launch a new interactive game called “Burritos or Bitcoin.” The game has been inspired by Thomas, who famously lost the password to his hard drive that now has $387 million worth of bitcoin stored on it. Players will carry out a mock “chiptocurrency” rescue mission and…
Business 03/31/2021 -
Merace has set up a VR technology Laboratory
On September 15, 2021, Merace publishing Company Brilliant Faith has set up a VR technology Laboratory with Manchester Union University. The two sides will cooperate and innovate, deeply cooperate in a gateway in the field of VR technology, 5G communication, point-to-point 3D input, input image editing, and other aspects, jointly tap the potential of VR technology and create the ultimate using experience for users. As early as 2015, Brilliant Faith had an insight into the development prospect of the virtual reality interactive market and the global hot trend of the…
12/13/2021 -
BitKeep V7.0 comes with a new NFT Market
We are happy to introduce BitKeep V 7.0 on March 15th, 2022. As the top decentralized multi-chain crypto wallet in Asia, BitKeep brings a new UI and improved sections in the 7.0 version to present our users with enhanced services and add an extra layer of security to the encrypted crypto trading environment. Aside from the improvement in terms of UI, transaction convenience, user experience, security and more, BitKeep V 7.0 has launched new features including NFT Market and Discover. https://www.youtube.com/watch?v=FskRmYjXqbY BitKeep V7.0 1. New UI The UI is re-designed to be aesthetically consistent…
03/20/2022 -
European royal noble favorite essential oil workshop Estrella Choelus
“Estrella Choelus,” translated from ancient Greek as “Estrella Chœlus,” originally meant a star that was permanent, pleasant, and beautiful.In 1844, while refining essential oils, Galio di Vincenzo, a vegetable oil refiner, discovered that the fragrance they gave off when heated not only made people feel good, but also cured his perennial insomnia.For this reason, he opened an essential oil treatment workshop Estrella Chœlus in a small town to treat anxiety, insomnia and depression by heating essential oil.Guests could not only enjoy the fragrance treatment in the store, but also they could buy back home…
04/09/2021 -
Coinbetter: Outlook for Cryptocurrency in 2022
Taking a look at the fall, the factors affecting bitcoin’s decline are increasingly complex from different dimensions. Bitcoin’s fall from $40,000 to its nadir of $32,000 is undoubtedly driven by the linkage of THE US stock market and the expectation of the Federal Reserve’s monetary policy. On the day before the Fed’s decision, U.S. stocks opened down, but bitcoin rebounded, petering out at $38,900, an important sign that the broader market is starting to move independently of U.S. stocks. The United States time on January 27, 3 o ‘clock, the…
02/08/2022 -
DeFiMEX first global DEFI options contract exchange
DeFiMEX is building a new DEFI options contract exchange with an innovative DEFI straddle arbitrage mechanism. The system currently supports trading of options contracts in the mainstream DEFI currencies. DeFiMEX will step into the new wind of the blockchain era, focusing on the new DEFI financial track with a top technical team, UNI Foundation participation and global operations. DeFiMEX will step into the new wind of blockchain era, focusing on the layout of DEFI new financial track, top technical team, UNI Foundation participation, global operation. The DeFi options contract is…
Business 05/12/2021 -
Market Wrap: Bitcoin Drops to Near $56K as Spot Trading Volume Remains Low
Bitcoin trading on CoinbaseSource: TradingView Bitcoin (BTC) trading around $56,140.49 as of 20:00 UTC (4 p.m. ET). Slipping 3.72% over the previous 24 hours. Bitcoin’s 24-hour range: $55,541.91-$58,645.77 (CoinDesk 20) BTC trades below its 10-hour and 50-hour averages on the hourly chart, a bearish signal for market technicians. Bitcoin slid for a second day as the No. 1 cryptocurrency saw flat trading volume, typical of a rangebound market. Bitcoin’s spot trading volume on eight U.S.-focused crypto exchanges tracked by CoinDesk was largely unchanged on Wednesday. The trading volume has been around or…
04/07/2021 -
Autonomous Dream Works Ingenuity masterpiece EGG Network
Autonomous Dream Works is an autonomously organized international Hacker organization, adhering to the spirit of the DAO contract, is the consensus system of all Hacker members, and serves the development ofglobal Internet technology and digital technology according to autonomous, decentralized and anonymous services. Its members arespread all over the world. Among them, a blockchain technology wizardfrom the Chaos Computer Club, Dr. Tey, triggered: “Using blockchain technology to fundamentally change the subjective trust ofhuman beings into the objective trust mechanism of machine programs(Machine program objectification trust mechanism)”. He participated in the…
03/12/2021