“Institutional investors continue to invest in digital assets, despite the escalation of the conflict between Israel and Iran. According to Coinshares report, a week of cryptophone under the control of Blackrock, Bitwise, Fidelity, GrayScale, Proscares, 21shares, etc., recorded a net influx of $ 1.9 billion. recorded […]”, – WRITE: Businessua.com.ua
Institutional investors continue to invest in digital assets, despite the escalation of the conflict between Israel and Iran. According to Coinshares report, in a week Cryptophones under the control of Blackrock, Bitwise, Fidelity, GrayScale, Proshares, 21shares, etc., recorded a pure inflow of $ 1.9 billion.
“Despite the pressure on risky assets due to geopolitical risks, digital assets demonstrated stability and, like gold, recorded an influx of capital,” said Coinshares, Head of the Coinshares Research Department James Butterfill.
The total revenues in nine weeks amount to $ 12.9 billion, and since the beginning of the year – $ 13.2 billion. A total of AUM funds reached $ 179 billion.
Weekly dynamics of tributaries in cryptophone. Data: Coinshares.
Bitcoin as the main magnet Bitcoin -based investment products raised $ 1.3 billion in a week after two weeks of outflow. The total AUM reached $ 156.7 billion – a significant proportion was provided by American spots ETF.
At the same time, BTC funds have been outflowed with $ 3.7 million.
Ethereum, Xrp and Sui data Ethereum-ETF showed the strongest week in four months-$ 585 million of a pure tributary, of which $ 528.2 million is in the United States. At the same time, a series of daily revenues, which lasted 19 days, ended on Friday – AUM decreased by $ 2.18 million.
The dynamics of the inflow in Ethereum-ETF. Data: Sosovalue
XRP -based funds have recorded the first inflow in three weeks – $ 11.8 million. SUI -related products raised $ 3.5 million.
US dominated by volume
“Positive moods are observed worldwide, but most of all in the United States ($ 1.9 billion), then – Germany ($ 39.2 million), Switzerland ($ 20.7 million) and Canada ($ 12.1 million). While Hong Kong and Brazil demonstrated an outflow of $ 56.8 million and $ 8.5 million, respectively, ”Batterfill said.
According to Coingcko, a week of bitcoin fell by 0.9%, and Ethereum added 3.6%.
“Despite geopolitical instability, the market is holding. This inspires, given the return of retail investors and algorithmic strategies, ”said BRN analyst Valentin Furnier.
However, he warned that the uncertainty about the monetary policy of the Fed and cooling interest in Ethereum can lead to increased volatility.
Recall that Bloomberg analyst Eric Balchunas predicted Summer Altcoin-ETF.
The gun
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