Thursday, May 9, 2024
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Institutional investment flows out of ETH and into competing L1 altcoins

Institutional investors have shifted their attention from Ethereum (ETH) to competing Layer 1 blockchains of late, with capital inflows for altcoin investment products increasing last week whilst Ether products posted outflows for the third week in a row.Data from CoinShares’ latest Digital Asset Fund Flows report shows that investors last

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30k BTC Flows out of Coinbase as Institutions Rekindle Interest in Bitcoin

Summary: 30,000 BTC has flowed out of the Coinbase crypto exchange This amount could be a sign that institutional investors are once again interested in Bitcoin President Biden’s executive order on digital assets could be a reason for the renewed interest as it did not create any significant hurdles for Bitcoin investors The United

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Digital AUM Surged to $48.7 Billion in March, Average Weekly Flows Turn Negative – Finance Bitcoin News

The total aggregate digital assets under management (AUM) surged to $48.7 billion in March, up from the $43.9 billion that was recorded in January, the latest data from Crypto Compare has shown. In contrast, the average daily trading volumes fell by 29.6% to $259 million during this period. BTC and

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Bitcoin’s Net Exchange Flows Flip Bearish As Cryptocurrency Struggles For Directional Bias

A blockchain indicator tracking the flow of coins in and out of centralized exchanges is signaling a bearish shift in investor sentiment similar to the one seen before the May 2021 crash.Glassnode data shows the 90-day moving average of net exchange flows has turned positive, meaning more coins are entering

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