CoinShares weekly report for the week of July 4 showed that bear market sentiments are receding as Ethereum (ETH) records its third consecutive week of inflows. According to the report, digital assets investment products saw $15 million in inflows, and its total assets under management (AuM) recovered from its year-low to $36.2 billion. Positive sentiment…
Crypto investment products for the week of June 27 saw a record $51.4 million spent on short Bitcoin positions as bearish sentiments continue in the market, CoinShares’ latest report revealed. According to the report, digital assets investment products saw a total of $64 million in inflows, 80% of which were short Bitcoin positions. Meanwhile, Bitcoin…
The latest weekly digital assets fund flow report from Coinshares has revealed a drastic reduction in the weekly investment outflows in the crypto space. According to the report, the weekly outflows dropped to $7.2 million, and the total outflows in the last three weeks amounted to around $219 million. Interest in Bitcoin and Ethereum investments…
After enduring a rocky start to the year, Bitcoin’s price in recent weeks has made a startling resurgence which has culminated in the value of the asset reaching as high as $44.9k in the early trading hours of today. Since the asset climbed above the $40k level around last week, it has steadily maintained the…
After weeks of waiting, VanEck’s Bitcoin Strategy ETF (XBTF) finally began trading on the Chicago Board of Exchange and on its first day had a trading volume of $4.6 million paling significantly against other similar ETFs that began trading last month. VanEck’s ETF has a slow start to life Data from investing.com revealed that shares…
On the heels of ProShares historic trading of the first Bitcoin futures exchange-traded fund (ETF) on the New York Stock Exchange (NYSE) yesterday, available information has shown that VanEck has also gotten approval from the Securities and Exchange Commission (SEC). VanEck Bitcoin ETF to begin trading next week According to a filing made by the…
In an indication that the crypto community has been waiting tirelessly for a Bitcoin exchange traded fund (ETF), available data has shown that Proshares Bitcoin futures ETF, the first of its kind in the United States, saw a trading volume of over $1 billion in its first day of trading. ProShares sees $1 billion in…