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Inflows into digital asset products rose for a ninth consecutive week, according to CoinShares. Bitcoin (BTC) exchange-traded products (ETPs) registered $312 million in in flows for the week of Nov. 24, bringing year- to -date in flows to around $1.5 billion, according to CoinShares. The weekly in flows for all cryptocurrencies totalled $346 million, continuing a nine-week trend of positive net flows . New record of inflows with US$346m this week, the highest total observed in the past 9 weeks of inflows. – #Bitcoin – $BTC: US$312m inflows (year-to-date inflows US$1.5bn) Short Bitcoin: US$0.9m outflows ETP volumes as a percentage of total spot Bitcoin volumes… pic.twitter.com/gMUPzTy0q4 — CoinShares (@CoinSharesCo) November 27, 2023 Crypto ETPs experience inflows when their shares trade above the prices of their underlying assets, whereas they experience outflows when their shares trade below the value of their underlying assets. For this reason, inflows are often seen as a...

Analysts predict that Bitcoin’s next pre-halving rally could begin in the next four months. The upcoming Bitcoin (BTC) halving is set to blow fresh wind in the sails of Bitcoin-focused stocks such as Michael Saylor founded tech firm MicroStrategy. In a research note shared with Cointelegraph, New York-based investment firm Berenberg Capital Markets explained its reasons for a bullish outlook on MicroStrategy (MSTR), which Berenberg has given a $430 price target. According to the analysts, MicroStrategy derives the bulk of its value from the 152,333 Bitcoin it held on its books as of June 28, adding that a Bitcoin halving rally could see its shares gain significantly in price. “[It] is our expectation that the price of Bitcoin will repeat its historical pattern of rallying both ahead of and following each Bitcoin halving.” The Bitcoin halving , which is scheduled for April 26, 2024, reduces the BTC issuance rate by 50%, significantly dampening the velocity at which new Bitcoin enter...

The banking crisis is a catalyst for the next crypto bull run, in which Bitcoin will likely outperform all crypto assets, says Bloomberg analyst Mike McGlone. The banking crisis could be the spark that will kick off the next crypto bull run, in which Bitcoin (BTC) is likely to outperform all other cryptos, according to Mike McGlone, the senior commodity strategist at Bloomberg Intelligence.  Following the collapse of major banks such as Silicon Valley Bank and Credit Suisse, confidence in traditional financial institutions is being shaken and Bitcoin is becoming more attractive as a “hedge against banking risk,” thinks McGlone.  According to McGlone, the United States Federal Reserve's unwillingness to ease monetary policy despite the banking crisis is driving the U.S. economy into a recession.  This macro environment will ultimately favor Bitcoin, which is going to outperform all other cryptocurrencies.  "The more the Bitcoin can sustain above $25,000, then the more the ...