Institutions continue offloading BTC exposure despite price rebound
Bitcoin funds are still in decline as institutional sentiment remains bearish. Go to Source Powered by WPeMatico
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Bitcoin investment product volumes fall to 38% of YTD average
Institutional Bitcoin products have recorded outflows for nine of the past ten weeks, suggesting many investors remain bearish. Go to Source Powered by WPeMatico
Turning bullish? Institutions are net buyers of crypto for the first time in 5 weeks
CoinShares’ weekly report showed institutional managers are buying into crypto funds again after four weeks of profit taking. Go to Source Powered by WPeMatico
CoinShares to acquire ETF index business from Alan Howard’s crypto firm
Elwood is set to sell its blockchain-focused ETF index to CoinShares for $17 million. Go to Source Powered by WPeMatico
Bitcoin Mining Report Claims Miner Energy Consumption Mix 56% Sustainable in Q2
During the last three months, there’s been a significant focus on the effects bitcoin mining has on the global environment. While many have claimed bitcoin mining is bad for the environment and many others have stressed that it affects the environment in a positive way, either way, most are relying on unreliable and old data … Read more
Institutions turn bearish on ETH as record $50M exits Ether investment products
Ether investment products have suffered record outflows this past week, while Bitcoin flows have begun to stabilize. Go to Source Powered by WPeMatico
As Bitcoin’s Yearly Inflation Rate Dips to 1.77%, BEA Data From May Shows US Inflation Fears Are Legitimate
The U.S. economy is looking stagnant according to data stemming from the Bureau of Economic Analysis, as core personal consumption expenditures (PCE) jumped 3.4% in May from a year prior. The recent PCE spike is the highest year-over-year basis change since 1992 and the statistic is fueling inflation concerns. Amid ‘Never Ending’ Market Rallies, Core … Read more
Hodlers see opportunity in Bitcoin price crash, CoinShares exec says
Meltem Demirors believes that the current Bitcoin price drop is a correction, and it is weeding out the paper hands. Go to Source Powered by WPeMatico
Institutional selling of crypto reaches longest streak since Feb 2018
CoinShares’ weekly report showed another large outflow from digital asset products, with much of the selloff concentrated in Bitcoin funds. Go to Source Powered by WPeMatico
Ethereum investment products see largest weekly outflows on record — CoinShares
Despite recording weekly outflows, Ether funds have generated $994 million in inflows this year. Total assets held in ETH funds are nearly $11.1 billion. Go to Source Powered by WPeMatico