Cointime

Cointime

Download App
iOS & Android

Volume 220: Digital Asset Fund Flows Weekly Report

Cointime Official

From CoinShares Research Blog by James Butterfill

Recent price fall lead to significant buying on weakness with inflows of US$1.3bn

  • Digital asset investment products saw inflows totalling for the 5th consecutive week totalling US$1.3bn.
  • Bitcoin saw inflows of US$407m, with ETPs globally now representing 7.1% of the current market capitalisation.
  • Ethereum stole the show this week, with the price falling recently close to US$2,100 leading to significant buying-on-weakness, with inflows of US$793m.

Digital asset investment products saw inflows totalling for the 5th consecutive week totalling US$1.3bn, bring inflows for the year so far to US$7.3bn. Recent price declines saw total assets under management in ETPs fall to US$163bn, down from its all-time-high set late January of US$181bn. Trading volumes for the week held steady at US$20bn.

Regionally, the US saw US$1bn inflows, although the buying-on-weakness was widespread with most other regions seeing inflows, most notable being Germany, Switzerland and Canada with inflows of US$61m, US$54m and US$37m respectively.

Bitcoin saw inflows of US$407m, with ETPs globally now representing 7.1% of the current market capitalisation, making them the largest holder relative to any other entity.

Ethereum stole the show this week, with the price falling recently close to US$2,100 leading to significant buying-on-weakness with inflows of US$793m, outpacing bitcoin for the first time this year.

Other notable inflows were XRP and Solana which saw US$21m and US$11m respectively.

Blockchain equities saw a further US$33m inflows bring year-to-date inflows to US$194m.

Comments

All Comments

Recommended for you

  • Circle minted 500 million USDC on the Solana network.

    according to Onchain Lens monitoring, Circle has minted 500 million USDC on the Solana network. Since October 11, Circle has issued a total of 18 billion USDC on the Solana network.

  • Sources familiar with the matter: JPMorgan Chase is considering offering cryptocurrency trading services to institutional clients.

    according to Bloomberg, as major global banks deepen their involvement in the cryptocurrency asset class, JPMorgan Chase is considering offering cryptocurrency trading services to its institutional clients. A knowledgeable source revealed that JPMorgan is evaluating what products and services its market division can offer to expand its business in the cryptocurrency field. The source stated that these products and services may include spot and derivatives trading.

  • Federal Reserve Governor Milan: We believe that the policy rate will eventually be lowered.

    Federal Reserve Board member Mylan stated that due to the US government shutdown, there were some anomalies in last week's inflation data; he believes that the US will not experience an economic recession in the near term, but if policies are not adjusted, the US will face an increasing risk of economic recession. We believe that policy interest rates will eventually be lowered.

  • BlackRock deposited 819.39 BTC, worth approximately $73.72 million, into Coinbase.

     according to Onchain Lens monitoring, BlackRock deposited 819.39 BTC into Coinbase, worth approximately 73.72 million USD.

  • Ghana passes law legalizing the use of cryptocurrency

    according to Bloomberg, the Ghanaian Parliament has approved a cryptocurrency legalization bill aimed at addressing the expanding use of cryptocurrencies in the country but the lack of regulation. According to Johnson Asiamah, Governor of the Bank of Ghana, the newly passed Virtual Asset Service Providers Act will facilitate the licensing of crypto platforms and the regulation of related activities.

  • 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."

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