Cointime

Cointime

Download App
iOS & Android

Volume 218: Digital Asset Fund Flows Weekly Report

Cointime Official

From coinshares by CoinShares Research Blog

Executive Order Builds Confidence Amongst Investors with US$1.9bn inflows

  • Digital asset investment products saw inflows totalling US$1.9bn last week, likely as a result of recent presidential executive orders that proposed the initiation of a strategic reserve asset in Bitcoin.
  • In the altcoin space, Ethereum rebounded, with inflows of US$205m, while XRP also saw a further US$18.5m inflows.
  • The most notable flows amongst the smaller digital assets were Solana, Chainlink and Polkadot with inflows of US$6.9m, US$6.6m and US$2.6m respectively.

Digital asset investment products saw inflows totalling US$1.9bn last week bringing year-to-date (YTD) inflows to US$4.8bn — likely as a result of recent presidential executive orders that proposed the initiation of a strategic reserve asset in Bitcoin. Despite the relatively flat price action last week, trading volumes were high at US$25bn for the week, comprising 37% of all trading volumes on trusted crypto exchanges.

Regionally, the US recorded inflows of US$1.7bn, with positive executive order news boosting sentiment across nearly all other regions. The most notable flows were observed in Canada, Switzerland, and Germany, seeing inflows of US$31m, US$35m, and US$23m, respectively.

Bitcoin saw inflows totalling US$1.6bn, bringing YTD inflows to US$4.4bn, accounting for 92% of all inflows in the digital asset sector. Following Bitcoin’s pre-inauguration new all-time highs last week, it was no surprise to see short-Bitcoin ETFs regain traction, with inflows of US$5.1 million.

In the altcoin space, Ethereum rebounded, with inflows of US$205m, while XRP also saw a further US$18.5m inflows. Unusually, no digital asset investment products saw outflows last week. The most notable flows amongst the smaller digital assets were Solana, Chainlink and Polkadot with inflows of US$6.9m, US$6.6m and US$2.6m respectively.

Comments

All Comments

Recommended for you

  • CryptoQuant: Bitcoin network activity cools, market shows clear bearish signs.

    CryptoQuant published an analysis stating that the Bitcoin market continues to be in a bear market state, with multiple network indicators showing a significant cooling of activity. Data shows that the 30-day moving average of Bitcoin is below the 365-day moving average (-0.52%), and the bull-bear cycle indicator confirms the current bear market pattern. The number of network transactions has dropped from about 460,000 to about 438,000, fees have decreased from $233,000 to $230,000, and highly active addresses have reduced from 43.3K to 41.5K, all indicating reduced speculative activity and that the market is in a defensive phase.

  • BTC falls below $88,000

    ```

  • ETH falls below $3,000

    the market shows that ETH has fallen below $3000, currently at $2999.5, with a 24-hour increase of 0.86%. The market is highly volatile, please manage your risks accordingly.

  • BTC breaks through $89,000

    market shows BTC breaking through $89,000, currently at $89,014.5, with a 24-hour increase of 0.85%. The market is highly volatile, please manage your risk accordingly.

  • F2Pool co-founder: Last year, 500 bitcoins were transferred in to confirm whether the private key had been leaked; hackers took 490 bitcoins.

    regarding the community's heated discussion about the 50 million USDT phishing attack, F2Pool co-founder Wang Chun tweeted, "Last year, I suspected that my private key was leaked. To confirm whether the address was really hacked, I transferred 500 bitcoins to that address. To my surprise, the hacker 'generously' only took 490 bitcoins, leaving me 10 bitcoins, enough for me to make a living."

  • BTC falls below $88,000

    market shows BTC fell below $88,000, currently at $87,991.97, with a 24-hour decline of 0.08%. The market is highly volatile, please manage your risk accordingly.

  • US lawmakers draft new bill to exempt capital gains tax on stablecoin transactions under $200.

     U.S. representatives are drafting a cryptocurrency tax bill called the Digital Asset PARITY Act, which will exempt capital gains tax on stablecoin transactions under $200, and staking and mining rewards will also have the option for a five-year tax deferral.

  • Tether CEO posts job openings, sparking speculation that a mobile encrypted wallet is on the horizon.

    Tether CEO Paolo Ardoino posted on the X platform stating that Tether has started recruiting a senior software engineer who will be responsible for Tether's mobile crypto wallet-related products, which will be supported by artificial intelligence, Wallet Development Kit (WDK), and QVAC technology. Later, Paolo Ardoino also posted a suspected wallet product screenshot in another tweet, which shows "Own your Money".

  • Bloomberg analysts: Among the top 25 US equity ETFs with the highest annual inflows, BlackRock IBIT is the only ETF with negative returns.

    Eric Balchunas, a senior ETF analyst at Bloomberg, posted the annual top 25 U.S. stock ETFs by fund inflows on the X platform. Among them, BlackRock's Bitcoin exchange-traded fund IBIT is the only ETF with a negative return, with an annual return rate of -9.59%. It is worth noting that despite the negative return, IBIT's annual fund inflow still ranks sixth, even surpassing the GLD ETF with a 64% return. In the long run, this is a very good sign, as it received over $25 billion in fund inflows during the bear market phase, indicating greater potential once the market turns bullish.

  • Hassett's chances of becoming the next Federal Reserve Chairman have once again surged significantly.

    Golden Finance reports that the increased, rising to 54% on Polymarket and 51% on Kalshi, with the probabilities of Walsh and Waller being nominated by Trump ranking second and third respectively.

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company