Search Results for: James Butterfill

Crypto-backed funds saw minor outflows of $11.2 million last week, led by altcoin, particularly MATIC-backed funds. Despite ETH funds and short-Bitcoin funds also recording withdrawals, BTC funds had inflows totaling $3.8 million. Overall, despite market fluctuations, crypto investment products have a year-to-date inflow.

“Despite broader crypto market outflows, Solana has sustained consistent inflows for the past nine weeks. While promising developments provide a bullish sentiment, a disconnection between investment inflows and price performance presents a sobering counter-narrative. Risks exist within the crypto spaces, such as hacking episodes.”

Crypto bull market, likened to a tornado, attracts millions of new investors expecting their first bull run. Navigating through crypto volatility can be challenging therefore strategies like setting clear goals, utilizing dollar-cost averaging and avoiding overexposure are essential. Well-being must not be compromised over crypto investments, as wise investing balances optimism with caution.

The shorting of Bitcoin seems to be decreasing, with the destructive influence of the past three months starting to wane. However, the exit from Bitcoin-related funds and intense regulatory scrutiny have created notable market challenges. Yet, analysts highlight potential imminent volatility, suggesting an eruption in the Bitcoin marketplace may be near.

“Last week highlighted a shift in the cryptocurrency market as investors pivoted from Bitcoin to smaller cryptocurrencies such as Ether and Ripple’s XRP. This shift was partly due to increased confidence in altcoins following XRP’s partial victory over the U.S. Securities and Exchange Commission. Investments in ETH-focused products soared, along with remarkable surges in XRP funds.”

Bitcoin’s investment products witnessed a tremendous $310 million inflows over the past two weeks, surpassing a nine-week streak of outflows, according to a recent CoinShares study. This growth was witnessed in spite of remaining concerns about the SEC’s approval of a BTC ETF. This continual increase underscores Bitcoin’s dominance, making up 98% of the total market flow.

Volatility Shares is set to launch its 2x Bitcoin Strategy ETF (BITX) this week, offering leveraged exposure to bitcoin futures. This eliminates the need for crypto exchange accounts amid legal uncertainties and follows multiple ETF applications, highlighting the importance of regulation and oversight in the evolving cryptocurrency landscape.

Crypto market witnesses largest weekly inflows since July 2022, totaling $199 million, with Bitcoin claiming $187 million. The total assets under management of crypto investment products surpassed $37 billion, amid a spike in ETF applications submitted to the SEC.

Investors pulled $5.1 million from digital asset funds last week, marking the ninth consecutive week of outflows. The BlackRock Bitcoin ETF bid may have brought stability to the market. Grayscale dominated weekly inflows, while Ethereum-tracking products experienced outflows. Investors show a mix of optimism and caution, closely monitoring regulatory developments.

Institutional investors withdrew $88 million from digital asset funds last week, contributing to a total of $417 million in the past two months. CoinShares attributes the ongoing selling to monetary policy and rising interest rates, with Bitcoin and Ethereum experiencing significant outflows and North American funds leading the sell-off.

The crypto market has seen funds withdrawal, with $62 million pulled recently, contributing to a seven-week drawdown totaling $329 million. Tron experienced the largest hit, but this may be a withdrawal of seed capital rather than an ominous future indication. Meanwhile, Coinbase announced “institutional-sized” Bitcoin and Ethereum futures contracts for its clients, reflecting sustained interest in digital assets.

The crypto market faces decreased institutional interest and deflated enthusiasm despite retail investors adding stability. Chinese app WeChat added BTC price quotes, and Hong Kong allowed retail crypto trading on regulated exchanges, signaling increased Asian adoption, and possible market tailwinds.

The U.S. risks its first-ever debt default, potentially impacting global markets and cryptocurrencies, including Bitcoin and Ethereum. Cryptocurrency markets face uncertainty, and the larger question is whether lawmakers can find a permanent solution to ease financial market tensions.

The bearish market trend persists as institutional investors’ negative sentiment continues for the third consecutive week, with digital asset investment products experiencing $54 million in outflows last week. Outflows primarily focused on Bitcoin and were mostly driven by European and Canadian funds. Despite this, Bitcoin’s price remains relatively stable, questioning the market’s resilience and long-term stability.

The digital asset market recently faced bearish sentiment and outflows, particularly in Bitcoin and Ether. However, minor inflows in altcoin funds and Bitcoin’s price growth demonstrate potential for recovery and further development within the market. Market conditions reveal cautious optimism from investors.