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The price of bitcoin soared past the $52K milestone on Wednesday, reaching $52,056 per unit on Bitstamp at 10:05 a.m. Eastern Time. Bitcoin’s meteoric rise over the past day triggered a wave of liquidated leveraged positions, wiping out $89.28 million in short positions. ‘Sustained High Levels of Illiquid Supply’ Bolster Bitcoin’s Price After the U.S. … Read more
In a recent turn of events, spot bitcoin exchange-traded funds (ETFs) emerged as the market leaders in the realm of cryptocurrency investment products last week. According to a recent report by Coinshares, these funds attracted $1.1 billion in inflows, marking the highest assets under management (AUM) since the early days of 2022. Coinshares Report Shows … Read more
Nearly $1.8 billion flowed into crypto investment products over the last 10 weeks, which hasn’t been seen since Bitcoin futures were launched in October 2021. Go to Source
Inflows into digital asset products rose for a ninth consecutive week, according to CoinShares. Go to Source
Crypto exchange-traded products saw $326 million in inflows during the week ending Oct. 27, according to a report from CoinShares. Go to Source
Cryptocurrency investment products saw inflows for the second consecutive week, totaling $78 million, according to CoinShares. Go to Source
Komainu is increasing its presence in the U.K. after making an agreement with authorities to store crypto seized during local investigations in 2021. Go to Source
But Solana was the only other major asset to show inflows for the week. Go to Source
CoinShares, a provider of crypto exchange-traded products in Europe, is optimistic about spot Bitcoin ETFs in the United States. Go to Source
CoinShares’ subsidiary and broker-dealer registered with the U.S. FINRA will be conducting marketing activities for the new hedge fund division in the United States. Go to Source
