Bitcoin Bags $2B Inflows, Ether Sees Highest Institutional Buying Since March
Crypto investment products took on nearly $2 billion in inflows last week to help extend a five-week run to over $4.3 billion, asset manager CoinShares said in a Monday report.
Trading volumes in exchange-traded products (ETPs) rose to $12.8 billion for the week, up 55% from the week prior.
Degens pumped GameStop memecoins because they’re ‘bored’ – Traders
Crypto investors have flocked to unofficial GameStop memecoins because they’re jumping on any “sign of hope they can,” said traders.
Bitcoin Gains Momentum As ETF Funding Inflows Rise — Should You Ditch USD For Digital Gold?
Bitcoin’s dominance in the cryptocurrency sector has surged to a three-year high, capturing nearly 55% of the $2.4 trillion market for virtual currencies, according to CoinMarketCap data.
The success of the newly introduced U.S. spot exchange-traded funds (ETFs), including offerings from BlackRock Inc. and Fidelity Investments, has been remarkable, amassing approximately $56 billion in assets to date.
What Bitcoiners Are Saying About the Upcoming Bitcoin Halving
Is the halving priced in or not? Will it disrupt the bitcoin mining industry? Or accelerate adoption? Here’s what experts and community members are saying about the fourth — and perhaps most anticipated — halving.
Bitcoin Could Surge to $120K on ‘Doomsday Rally,’ Trader Says
Geopolitical factors could see investors allocate funds to alternative assets such as bitcoin, some analysts say.
Can Switzerland’s Digital Assets Industry Help Restore Fortunes?
Featured in WealthBriefing
Despite naysayers and critics, the area known as “digital assets” refuses to go away. And a country that appears to be trying to encourage the space is Switzerland. While Swiss banking has been under an unflattering spotlight, the cryptoassets sector appears to retain plenty of energy.
Time to re-establish trust
Featured in Hedgeweek
Safeguarding assets has become critical in the world of digital assets. Edouard Hindi, chief investment officer, TYR Capital, talks through the priorities in the digital assets space and the key factors for growth in the space.
Cryptoverse: British pound fiasco boosts bitcoin’s hedge appeal
Featured in Reuters
As a developed nation, you know your currency’s in a spot of bother when investors start to hedge with bitcoin.
After Britain’s brief Prime Minister Liz Truss unleashed her mini-budget on Sept. 23, filling financial markets with dread, a section of investors stampeded away from the pound and towards the cryptocurrency .
City traders retreat to Bitcoin as ‘safe haven’ after sterling crash
Featured in the Evening Standard.
The scale of the turmoil in the City’s foreign exchange market caused by the September mini-Budget was laid bare today after new data found sterling’s volatility sparked a ten-fold increase in the volume of pound to Bitcoin traffic on spot exchanges.
Bitcoin now more correlated to stocks and still has value in traditional portfolios
Featured in CityAM
Bitcoin remains a valuable addition to a traditional asset portfolio, according to research by a leading investment manager.
