‘Political shift’ drives $407M inflows to crypto products — CoinShares
According to CoinShares, last week’s increase in crypto investment products was influenced by the upcoming US elections rather than monetary policy outlooks. Go to Source
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According to CoinShares, last week’s increase in crypto investment products was influenced by the upcoming US elections rather than monetary policy outlooks. Go to Source
Coinshares, through its lead research analyst James Butterfill, has reported a third consecutive week of inflows into digital asset investment products. Total inflows amounted to $1.2 billion, reflecting a reaction to continued expectations of dovish U.S. monetary policy. Bitcoin Drives $1 Billion in Crypto Inflows, According to Coinshares According to Coinshares’ lead research analyst James … Read more
CoinShares data shows Solana investment products registering a $39 million outflow, while Bitcoin investment products saw modest inflows. Go to Source
CoinShares believe the turnaround is due to “weaker than expected macro data in the U.S.” Go to Source
Matrixport’s head of strategy said he believes the market is currently in a “wait-and-see environment” but could shift after the U.S. mid-term elections in November. Go to Source Powered by WPeMatico
“What has pushed Bitcoin into a “crypto winter” over the last six months can by and large be explained as a direct result of an increasingly hawkish rhetoric from the US Federal Reserve,” CoinShares wrote. Go to Source Powered by WPeMatico
Institutional investors piled $225 million into Bitcoin products while Ether products saw outflows of $13.6 million this past week. Go to Source Powered by WPeMatico
While institutional Bitcoin products have experienced outflows for 13 of the past 17 weeks, the sector has now seen three straight weeks of inflows. Go to Source Powered by WPeMatico
Inflows to Solana-based investment products saw a whopping 388% increase last week, with institutional investors gaining exposure to $13.2 million worth of SOL products. Go to Source Powered by WPeMatico
Institutional investors withdrew a record $141 million from Bitcoin investment products this past week. Go to Source Powered by WPeMatico