“Despite geopolitical tensions, capital continues to enter cryptocurrency investments under companies such as Blackrock, Bitwise, Fidelity, GrayScale, Proshares and 21shares. This is stated in the Coinshares report. Last week, a pure inflow amounted to $ 1.24 billion. Since the beginning of the year, the total $ 15.1 billion has reached the dynamics of weekly inflows in cryptophone. Data: Coinshares. “Activity that has grown sharply […]”, – WRITE: Businessua.com.ua
Despite geopolitical tensions, capital continues to enter cryptocurrency investments under companies like Blackrock, Bitwise, Fidelity, GrayScale, Proshares and 21shares. This is stated in the Coinshares report.
Last week, a pure inflow amounted to $ 1.24 billion. A total of $ 15.1 billion has reached a record of $ 15.1 billion since the beginning of the year.
Dynamics of weekly tributaries in cryptophone. Data: Coinshares.
“The activity that increased sharply at the beginning of the week decreased in the second half – probably against the backdrop of the Juneteent holiday in the United States and reports of the country’s involvement in conflict with Iran,” said Coinshares, Head of Coinshares Research Department, James Butterfill.
Among the regions are the US with $ 1.25 billion. At the same time, Hong Kong and Switzerland recorded an outflow of $ 32.6 million and $ 7.7 million, respectively.
“Bitcoin products have a second time in a row-$ 1.1 billion. Investors have taken price correction as an opportunity for purchase. This is confirmed by minor outflows from shorts-only $ 1.4 million, ”Batterfill added.
Ethereum has been showing a ninth week in a row – $ 124 million. The total investment has since the beginning of the year amounted to $ 2.2 billion. This is the longest series of tributaries since mid -2021, the analyst said.
The Bitcoin-ETF spots raised $ 1.02 billion in the past week.
Dynamics of tributaries in spontaneous bitcoin-ETF. Data: Sosovalue.
The receipts have been going on for nine days in a row. The total volume of ETF providers – $ 126.54 billion cumulative inflow since the beginning of the year – $ 46.6 billion.
Ethereum funds have graduated with a week with $ 11.34 million. The total AUM-$ 9.6 billion.
Dynamics of tributaries in the simply Ethereum-ETF. Data: Sosovalue.
During the week, bitcoin lost 5.2%, and Ethereum, Solana and Dogecoin – more than 14%.
Data: Coingcko.
The following schedule shows that since the beginning of the year the ether is far behind the bitcoin at the dynamics of price:
“Despite short -term volatility and cautious moods, structural demand is increasing,” said BRN Chief Analyst Valentin Furnier in a commentary on Block.
In his opinion, Texas and Company, like MetaPlanet, “enshrine the status of strategic reserve”, creating a foundation for recovery after correction.
Furnier also suggested that Solana could recover faster than most assets. At the same time, Ethereum, despite the temporary decline in interest from institutional investors, has the potential to return leadership positions after market stabilization.
We will remind, the senior analyst Bloomberg Eric Balchunas predicted “Summer Altcoin-ETF”.
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