Bitcoin’s Monthly Inflow Crosses $100 Million, Solana and Polkadot See “Outsized Inflows”

2021-9-28 15:20

For the sixth consecutive week, cryptocurrency investment products and funds posted inflows as investors took the recent dip due to the China ban as a buying opportunity, said the digital asset manager CoinShares in its report on Monday.

$95 million of inflows were recorded into the sector for the week ending Sept 24, bringing the inflows over the last six weeks to $320 million. For 2021, inflows so far are $6 billion.

However, SkyBridge Capital founder Anthony Scaramucci says the vast majority of money managers remain hesitant about cryptocurrencies and blockchain technology. According to him, the new asset class is dominated by an estimated 10% of the financial-service community, which he called a “feeding frenzy” that reminded him of the 1990s dot-com boom.

“The establishments aren’t there,” Scaramucci said in an interview.

“Anyone who’s telling you there’s institutional adoption into this area isn’t being completely truthful — or they’re seeing one thing that I’m now not seeing.”

Both A Bearish And Bullish Signal

Meanwhile, after bearing the brunt of negative investor sentiments for the last two quarters, Bitcoin has finally started seeing positive momentum. Last week, Bitcoin led the investments at $50.2 million — the fourth week of inflows out of the last 17. Bitcoin’s inflows so far, however, this year remain robust at $4.3 billion.

Last week, China’s crackdown sent the crypto market crashing yet again, which had the BTC price tumbling to $40,700. After shrugging off the news and recovering to $44,400 on Monday, bitcoin is trading around $42k as of writing.

“Once again, we're seeing some real resilience in bitcoin, which at one stage was pushing $40,000,” said Craig Erlam, senior market analyst at OANDA.

According to data provider Glassnode, the “relatively low utilization” of the bitcoin block-space – as seen in the number of transactions at 175k-200k per day, the same as the 2018 bear market, could be both a bearish and bullish signal.

Ether, SOL, and DOT Attracting Inflows

After Bitcoin, Ether saw the second most inflows at $29 million as sentiments remain buoyant for the second-largest network as amounts staked to ETH 2.0 progresses, as per the report.

An estimated 6.6% of Ether is staked to ETH 2.0, and growth in staking is essential for investor sentiment as “investors see it as a potential environmentally alternative to other proof-of-stake digital assets.”

Besides Ether, Solana and Polkadot continue to see “outsized inflows” at $3.9 million and $2.4 million, representing 4.5% and 3.2% of AuM respectively. SOL -8.88% Solana / USD SOLUSD $ 133.46
-$11.85 -8.88% Volume 2.53 b Change -$11.85 Open $133.46 Circulating 297.42 m Market Cap 39.69 b baseUrl = "https://widgets.cryptocompare.com/"; var scripts = document.getElementsByTagName("script"); var embedder = scripts[scripts.length - 1]; var cccTheme = {"Chart": {"fillColor": "rgba(248,155,35,0.2)", "borderColor": "#F89B23"}}; (function () { var appName = encodeURIComponent(window.location.hostname); if (appName == "") { appName = "local"; } var s = document.createElement("script"); s.type = "text/javascript"; s.async = true; var theUrl = baseUrl + 'serve/v1/coin/chart?fsym=SOL&tsym=USD'; s.src = theUrl + (theUrl.indexOf("?") >= 0 ? "&" : "?") + "app=" + appName; embedder.parentNode.appendChild(s); })(); 1 h Bitcoin’s Monthly Inflow Crosses $100 Million, Solana and Polkadot See “Outsized Inflows” 3 d Solana-Based DAO Developer, Grape Network, Raises $1.2 Million in Funding 4 d Wormhole Launches Solana-Ethereum Bridge to Move NFTs Cross-Chain DOT -4.71% Polkadot / USD DOTUSD $ 27.53
-$1.30 -4.71% Volume 1.54 b Change -$1.30 Open $27.53 Circulating 987.58 m Market Cap 27.19 b baseUrl = "https://widgets.cryptocompare.com/"; var scripts = document.getElementsByTagName("script"); var embedder = scripts[scripts.length - 1]; var cccTheme = {"Chart": {"fillColor": "rgba(248,155,35,0.2)", "borderColor": "#F89B23"}}; (function () { var appName = encodeURIComponent(window.location.hostname); if (appName == "") { appName = "local"; } var s = document.createElement("script"); s.type = "text/javascript"; s.async = true; var theUrl = baseUrl + 'serve/v1/coin/chart?fsym=DOT&tsym=USD'; s.src = theUrl + (theUrl.indexOf("?") >= 0 ? "&" : "?") + "app=" + appName; embedder.parentNode.appendChild(s); })(); 1 h Bitcoin’s Monthly Inflow Crosses $100 Million, Solana and Polkadot See “Outsized Inflows” 1 d South Korea’s Largest Crypto Exchange Operator Raises $85 Million at an $8.65 Billion Valuation 6 d Deutsche Boerse Expand Crypto Offering to Include Polkadot (DOT), Solana (SOL), and Tron (TRX) ETNs

Due to the pressure on crypto prices following China's regulations news, assets under management at the two largest digital asset managers, Grayscale and CoinShares, dipped to $38.016 billion and $3.671 billion, respectively.

Bitcoin BTC $ 41,640.13 -0.78% -4.43% -2.42% baseUrl = "https://widgets.cryptocompare.com/"; var scripts = document.getElementsByTagName("script"); var embedder = scripts[scripts.length - 1]; var cccTheme = {"Chart": {"fillColor": "rgba(248,155,35,0.2)", "borderColor": "#F89B23"}}; (function () { var appName = encodeURIComponent(window.location.hostname); if (appName == "") { appName = "local"; } var s = document.createElement("script"); s.type = "text/javascript"; s.async = true; var theUrl = baseUrl + 'serve/v1/coin/chart?fsym=BTC&tsym=USD'; s.src = theUrl + (theUrl.indexOf("?") >= 0 ? "&" : "?") + "app=" + appName; embedder.parentNode.appendChild(s); })(); See Details Ethereum ETH $ 2,895.18 -0.43% -5.95% -3.70% baseUrl = "https://widgets.cryptocompare.com/"; var scripts = document.getElementsByTagName("script"); var embedder = scripts[scripts.length - 1]; var cccTheme = {"Chart": {"fillColor": "rgba(248,155,35,0.2)", "borderColor": "#F89B23"}}; (function () { var appName = encodeURIComponent(window.location.hostname); if (appName == "") { appName = "local"; } var s = document.createElement("script"); s.type = "text/javascript"; s.async = true; var theUrl = baseUrl + 'serve/v1/coin/chart?fsym=ETH&tsym=USD'; s.src = theUrl + (theUrl.indexOf("?") >= 0 ? "&" : "?") + "app=" + appName; embedder.parentNode.appendChild(s); })(); See Details The post Bitcoin’s Monthly Inflow Crosses 0 Million, Solana and Polkadot See “Outsized Inflows” first appeared on BitcoinExchangeGuide.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

TOOKTOOK (TOOK) íà Currencies.ru

$ 0 (+0.00%)
Îáúåì 24H $0
Èçìåíåèÿ 24h: 0.00 %, 7d: 0.00 %
Cåãîäíÿ L: $0 - H: $0
Êàïèòàëèçàöèÿ $0 Rank 99999
Äîñòóïíî / Âñåãî 0 TOOK

million inflows opportunity tokens dip investors took

million inflows → Ðåçóëüòàòîâ: 48


Cryptocurrency Inflows Record A Five-Week High; XRP Captures Institutional Interest

Inflows into digital asset investment products totaled $233 million last week, the largest since early March. It is, however, nowhere near the record inflow seen in late January. CoinShares, one of the largest crypto asset managers, in its weekly report wrote, “We believe this recent renewed appetite for digital assets is due to a combination […] The post Cryptocurrency Inflows Record A Five-Week High; XRP Captures Institutional Interest first appeared on BitcoinExchangeGuide.

2021-4-21 18:48


Ethereum Fund Inflows Nearly Double Over Last Week as Investors Switch Focus: CoinShares

Last week’s highlight has been Ethereum than Bitcoin as fund flows doubled from $87 million to $160 million, as per CoinShares weekly fund flow report. While Bitcoin has captured institutional investors' attention, high net worth individuals, family offices, and insurance companies, Ethereum is also trying to follow the leading cryptocurrency.

2020-12-15 17:30


Ôîòî:

Bitcoin Funds Attracted $4 Bln in Inflows in 2020, CoinShares AUM Surges to a Record $15 Bln: Report

Digital asset manager CoinShares saw its assets under management (AUM) rising to an all-time peak of $15 billion, which were standing at just $2.57 billion at the end of 2019. This surge is the result of institutional investors pumping the second-highest amount on record, $429 million, into the company’s crypto funds, for the week ending […] The post Bitcoin Funds Attracted Bln in Inflows in 2020, CoinShares AUM Surges to a Record Bln: Report first appeared on BitcoinExchangeGuide.

2020-12-9 21:59


Ôîòî:

Here’s Why the PayPal News May Signal a Global Bitcoin “Hash War” is Looming

The crypto sphere was lit ablaze by news that PayPal and Venmo are both looking to roll out direct crypto trading capabilities to their users This comes as their competitor, CashApp, sees massive revenue inflows from its Bitcoin sales This is certainly a sign of growing retail adoption, and will place Bitcoin in front of the platform’s 325 million users scattered across the globe One prominent Bitcoin advocate is now noting that this marks the […]

2020-6-24 02:00


Ôîòî:

Grayscale Reports $3.2 Million Average Weekly Investments in Bitcoin Trust

The first quarter of 2019 was bullish for the digital asset management firm Grayscale Investments and the company is gearing up to have another run. According to a first quarter “Digital Asset Investment Report” from the company, published on May 13, 2019, product inflows from Grayscale Investments grew by 42 percent over Q4 2018.

2019-5-15 19:23


Hedge Fund Bitcoin Buying Spree Accelerated 2400% in Q1: Grayscale

By CCN: The bitcoin price enjoyed a wildly-bullish start to 2019, and the flagship cryptocurrency’s winning streak shows no signs of letting up anytime soon. Hedge Funds Headline 42% Increase in Grayscale Inflows While cryptocurrency remains a retail-dominated market, data from investment firm Grayscale reveals that institutional investors continue to ramp up their exposure to the asset class.

2019-5-14 20:20