Bitcoin made up 97% of total crypto inflows in 2021
Bitcoin trading volumes surged significantly this year, jumping from an average of $2 billion in 2020 to $12 billion. Go to Source Powered by WPeMatico
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Some institutional investors taking profit as Bitcoin retraces
CoinShares has noted significant outflows from institutional products this past week, signaling some institutions have been realizing profits amid BTC’s recent pull-back. Go to Source Powered by WPeMatico
Bitcoin Energy Consumption Is Far More Efficient and Greener Than Today’s Banking System
While bitcoin and a variety of digital currencies have swelled in value, a number of critics have spread fear, uncertainty, and doubt (FUD) in regard to the energy consumption proof-of-work (PoW) cryptocurrencies leverage to produce new units of currency. Just recently the software engineer Stephen Diehl expressed his dissatisfaction over the environmental cost of bitcoin. … Read more
CoinShares to launch $200m Bitcoin ETP on Swiss stock exchange
CoinShares’ CSO says the firm is “starting 2021 off with a bang” by launching a $200 million physically-backed Bitcoin ETP on Switzerland’s SIX exchange. Go to Source Powered by WPeMatico
Profit taking? Institutional crypto fund inflows drop 97% in three weeks
CoinShares has reported “evidence of potential profit taking” among institutional investors, as weekly crypto fund inflows drop 97% in less than one month. Go to Source Powered by WPeMatico
Regulated Bitcoin ETPs Skyrocket, Coinshares Cites ‘Unprecedented Interest from Institutional Investors’
The Sweden-based XBT provider Coinshares saw roughly $202 million in XBT certificates swap hands on the market’s first day of trading in 2021. Meanwhile, on the same day, the bitcoin exchange-traded product BTCE saw $100 million in trade volume. Coinshares Group is a European firm dedicated to crypto-finance and exchange-traded products. The bitcoin exchange-traded note … Read more
WEF’s crypto council explores utility beyond ‘price speculation’ in inaugural review
The working group sends a strong signal that cryptocurrencies are becoming a permanent fixture in the global financial system. Go to Source Powered by WPeMatico
Crypto funds see near-record inflows as capital floods out of gold
Crypto funds have posted near-record inflows during recent weeks as the gold investment products shed liquidity. Go to Source Powered by WPeMatico
‘You might get fired if you don’t own Bitcoin’: CoinShares on CNBC
There could now be a career-risk for a portfolio manager to not have Bitcoin in their portfolio — the CoinShares chairman talks Bitcoin sentiment on CNBC Go to Source Powered by WPeMatico
$10 Billion in BTC Reserves: Companies With Bitcoin Treasuries Command Close to 4% of the Supply
The web portal bitcointreasuries.org now shows close to two dozen firms with a large number of bitcoin reserves. Currently, the aggregate total bitcoin held in reserves by the 23 companies listed is roughly 785,999 BTC worth well over $10 billion dollars. This past August the billion-dollar firm Microstrategy announced it purchased 21,454 BTC for around … Read more