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
-
Following the trend of the world Top Player is coming soon
Top Player is a digital economy jointly created by Doosan & In-fracore, which integrates many merchants around the world to realize a chain business complex ecosystem. TopPlayer is scheduled to run at the end of March 2022, and its token CCC will also be launched simultaneously. In 2020, DooSan announced its entry into the blockchain industry and began to conduct research in the blockchain industry.In October 2021, DooSan began to deploy the metaverse industry and digitally upgrade the existing industry. The total circulation of CCC is 355,345 pieces. By applying…
-
Singapore Twin Towers Joint Foundation to Create STO Digital Age
First Growth Funds (ASX:FGF) and Singapore City Investment and Development Foundation jointly funded the establishment of Singapore Twin Towers Joint Fund. Currently, the co-management scale of the fund has reached 2 billion US dollars. The main investment areas are financial asset flow, new infrastructure, digital securities ecological construction. Digital new technology research and development and other cutting-edge digital fields. On Singapore’s joint towers foundation based on digital reform by STO, cutting-edge technology can assign the traditional entity enterprise and global popular areas, investment in developing countries for technology, capital,…
-
WEB3.0’s first war why FSV is the main field
According to the data survey, it was found that in the current hot wind of the meta-universe, “whether it is a big factory or a startup team, more and more people are entering Web3.0 throughout 2022.” In the promotion of capital and various institutions, the star project FSV in 2022 also began to build FSVSWAP based on FSV smart chain, is expected to complete all main network testing and successful launch in Q4 2022, this FSV build FSVSWAP engine page based on FSV smart chain also marks the era of…
-
Why Bitcoin Is More Like a $100 Bill Than Gold
This week, two developments point toward continued interest in bitcoin as a medium of exchange, the reason the “commerce on the internet” meme may be more accurate than the “digital gold” narrative. One of the developments is the debut of a service allowing use of Lightning – a protocol built to scale transactions on the Bitcoin blockchain – for payments with online merchants that use the Visa network. The company behind the service is called Moon, and it uses a similar mechanism to that used by other bitcoin commerce startups, such as Fold. The…
-
MASK DAO, the next phenomenal decentralized organization after ConstitutionDAO
The Mask Word decentralized social networking protocol will allow users to own and control their social graph, while avoiding fragmentation among current social network providers and creating an open ecosystem for web participants. The Mask Word team came up with a protocol that uses smart contracts to write and read social network data on a public blockchain. The protocol which defines how identity, social graphs, and messaging elements are represented to create decentralized social networks. The applicable aspects of ownership, privacy, authenticity, portability, usability, and scalability are handled for each elements….
-
MeRace | FunBall, the first metaverse competitive game of MeRace, will be online officially on January 20, 2022
Recently, the metaverse competitive ecological platform MeRace announced that FunBall, its first large-scale 3D metaverse football competitive game, will start closed beta test on Jan. 20 and will open its qualification to white list users. The game is expected to enter the internal test stage on Feb. 10 and will start public test stage on March 10. The upsurge belonging to FunBall has started. Professional teams research and develop There will be rich game content FunBall is the first metaverse concept game under MeRace, which is different from the relatively simple same concept game in the market. FunBall has made great efforts in game…
-
Recapping the First Few Weeks of CME Ether Futures
On February 8, CME Group officially launched Ether futures. ETH futures went live just a little more than three years after CME Group began offering Bitcoin futures. In this interview, CME Group Global Head of Equity Index and Alternative Investment Products Tim McCourt discusses the origins of ETH futures, what convinced them that the time was right for the product to go live, how institutional investors’ attitudes towards Ethereum (and crypto as a whole) have changed, and how the response from the market has been. When did you start thinking…
-
Bitcoin on the Balance Sheet? Corporate Buying Might Become a Global Trend
Bitcoin and ether (ETH, -0.73%) purchases by companies in Scandinavia and Hong Kong are fueling speculation a wave of non-U.S. corporate treasurers might follow MicroStrategy, Tesla and Square into buying cryptocurrencies, according to a new report by the Norwegian analysis firm Arcane Research. Hong Kong-listed Meitu, a maker of photo-retouching software, said it bought 15,000 ETH and 379 BTC (+3.58%) in open-market transactions last week. Arcane figures the company paid an average $47,230, well below the current market level of around $57,000. In addition, on Monday Aker, a Norwegian energy engineering company, added 1,170 BTC to its balance sheet, paying approximately…
-
A good helper on the road to the Nuggets: Koala Arithmetic Mining Platform provides users with related products and services
2021 is a year of surging hot spots in the currency circle. The intensive evolution makes the market exciting, and investors are overwhelmed. They may miss opportunities when they hesitate, or blindly chase highs. Those who can firmly grasp the hot spots are always few. For all investors who want to capture deterministic returns in uncertain markets, mining is an indispensable asset allocation option. It is safer than direct investment in cryptocurrencies, is less affected by market fluctuations, has controllable risks and predictable returns, and has always been favored by…
-
Jaringan utama koin SYW telah diluncurkan dan merealisasikan sirkulasi global
Recently, something great happened within blockchain network. SYW coin completed the deployment on the ETH public chain and successfully launched the mainnet. This means that SYW has successfully realized global circulation and can be transferred in any blockchain networks. From now on, global investors can freely purchase or sell SYW coins. As a blockchain 2.0 application network, ETH’s related ecology has attracted the attention of many blockchain users and cryptocurrency owners. Ethereum holds the vast majority ofr DeFi protocols and stable coins. Due to its characteristics of having stable…
