China News Daily TheBitTimes.com

According to the latest digital asset fund flows report by CoinShares, Bitcoin saw $519 million in in flows , while Ethereum witnessed $285 million in out flows . Month-to-date, BTC saw in flows of $3.6 billion and year-to-date in flows have reached $19 billion. The fund flows are also reflected in the price movements of each asset. BTC is inching closer to the $70,000 level, rallying nearly 11% in the last two weeks and more than 14% over the previous month. Also Read: Ripple: XRP Surges, Beats Bitcoin, Ethereum, And SOL On Major Exchanges Ethereum, on the other hand, has rallied 1.2% in the last two weeks and 0.1% in the previous month. CoinShares’ report highlights that the ETH ETF saw $2.2 billion in in flows but the asset witnessed significant selling. Will Ethereum catch up to Bitcoin’s pace? Source: Betanews.com BTC’s recent surge is likely due to a recent speech by Donald Trump at the 2024 Bitcoin conference. Trump made some bullish comments at the conferen...

Sentiment in cryptocurrency markets appears to be stabilizing, according to the latest Digital Asset Fund Flows report published by CoinShares. For the 11th straight week, investment products targeting the crypto space recorded net in flows , suggesting sustained appetite among investors. However, the pace of capital injections has tempered significantly in recent periods. According to the figures covering the week ending December 9th, crypto funds saw $43 million in net in flows . This represents a notable decline from peaks in prior weeks, indicating waning enthusiasm at current prices. The shift comes as some investors take a more cautious stance by building short positions to hedge against potential downside risk after the latest uptrend. Also read: Will Ethereum Flip Bitcoin in 2024? VanEck Weighs In Is enthusiasm waning at current cryptocurrency prices? Breaking down the flows regionally, Europe is still leading the charge, accounting for the full $43 million of n...

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...