Proprietary trading activities contributed heavily to the revenue increase.
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Proprietary trading activities contributed heavily to the revenue increase.
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Bitcoin-related funds saw outflows of $13 million over the past week, reversing five weeks of bullish inflows, according to Coinshares analyst James Butterfill.
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However, Ethereum saw outflows in the amount of $2 million and remains the asset with the most outflows year-to-date.
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Blockchain equities inflows reached a recent high of $15 million as well. However, total trading volume dropped.
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Fed Chair Jerome Powell announced a pause in interest rates, but Bitcoin options data still warns that a BTC price drop to $25,000 is possible.
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Outflows across all digital asset investment products hit $232 million over the past five weeks, with BTC-related funds leading the carnage, per Coinshares.
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Fear and trepidation spread across the crypto market last week following the high-profile collapses of Silvergate Bank and Silicon Valley Bank.
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Institutional investors are feeling the heat as the SEC targets all aspects of the crypto industry in the United States.
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CoinShares’ stock was previously listed on the Nasdaq First North Growth Market, an alternative stock exchange for small and medium-sized companies.
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The aftermath of FTX’s collapse has soured crypto investor sentiment with “record” inflows into short-investment products last week, said CoinShares.
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