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Bitcoin (BTC) rebounding 40% in January sparked the largest inflows of institutional cash since June 2022, data shows.In its "Digital Asset Fund Flows" Weekly" report on Jan. 30, digital asset investment and trading group CoinShares confirmed $117 million headed into crypto in the last week of the month.Institutions "not sold"
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On Jan. 30, European cryptocurrency investment firm CoinShares published its “Digital Asset Fund Flows Report,” which revealed that digital asset investments experienced a surge in inflows last week, reaching $117 million, the highest since July 2022. CoinShares reported that the sector’s total assets under management rose to $28 billion, a 43%
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Last week’s rush into short products came as bitcoin (BTC) surged to a four-month high above $22,000. Recently trading at $22,750, bitcoin is up more than 40% thus far in 2023. Last July’s big inflow also came alongside a sizable rally when the price rose to above $24,000 from a
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For example, Kraken’s and Coinbase’s current 30-day SMAs for their BTC inflows are not close to their six-year low. In 2023, Kraken’s incoming BTC transfers have oscillated between roughly 700 BTC and 1,030 BTC, while Coinbase’s have ranged from roughly 2,800 BTC to 3,700 BTC. Kraken and Coinbase BTC inflows
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Digital assets funds saw inflows totaling $433 million during 2022, the lowest level since 2018, when inflows in the crypto industry reached $233 million, according to the cryptocurrency investment firm Coinshares. Investors' appetite for digital assets seems not to have been fully affected by the crypto winter, but otherwise encouraged investments
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On-chain data shows the Bitcoin inflows to Coinbase have spiked recently, a sign that may turn out to be bearish for the crypto. Bitcoin Exchange Inflows To Coinbase Register High Values As pointed out by an analyst in a CryptoQuant post, a total of 20k BTC was transferred to Coinbase recently. The
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Bitcoin is still struggling below $17,000 and centralized exchange inflows and inflows seem to be mirroring the trend of the digital asset. Over the last 24 hours, the net flows from exchanges have been seeing a near balance between inflows and outflows. Balancing Each Other Out The exchange net flows reported by
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Institutional investors have responded to the negative sentiment caused by FTX’s collapse, with record institutional inflows into crypto-focused short-investment products. According to CoinShares’ chief strategy officer James Butterfill, 75% of the total inflows by institutional crypto investors for the week ending Nov. 18 were placed in short investment products —
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Bitcoin (BTC) inflows to largest exchange Binance just saw a giant spike reminiscent of the 2018 bear market capitulation.Data from on-chain analytics platform CryptoQuant shows that on Nov. 18, a giant tranche of almost 60,000 BTC entered Binance’s wallet.Exchange inflows highest since late 2018BTC price contagion fears thanks to FTX
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On-chain data from Glassnode show Bitcoin’s (BTC) movements hit a new record for the largest net decline in aggregate BTC balances on exchanges, reducing by 72,900 BTC in one week. A similar movement occurred in April 2020, November 2020 and June 2022 with the current outflow leaving around 2.25 million BTC
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