Home CryptoBitcoin Funds are Flowing into Cryptocurrencies

Funds are Flowing into Cryptocurrencies

by Paul Ebeling

#money #crypotcurrencies #bitcoin #ether #knights #blockchain

$BTCUSD $ETHUSD $KNIGHTSUSD

Cryptocurrency products and funds posted net inflows of $88-M last wk, data from digital asset manager CoinShares showed Monday, in a wk that saw a decline in prices.

Inflows so far this yr added up to a robust $9.5-B with 2 more wks to go in Y 2021. In Y 2020, total crypto inflows were $6.7-B.

Bitcoin recovered a bit last wk, posting a 1.3% gainer for the frame after a 14% selloff the prior wk.

CoinShares data showed that bitcoin showed inflows of $51-M, its 13th wk running of inflows that puts its YTD net total to $6.5-B.

Bitcoin is trading at this writing at $47,823.68. Since hitting an all-time high of $69,000 on 10 November, the world’s largest cryptocurrency has fallen 32% since. the trend is Bearish.

Knights’ coin is trading comfortably above $700/each

Ethereum saw outflows totaling $17-M last wk, the 1st time following 6 wks of inflows, although it reflects only 0.09% of assets under management.

Other digital assets Solana and Tron showed inflows of $19 and 17-M, respectively.

CoinShares noted that the recent price appreciation of Tron, a decentralized, open-source blockchain-based operating system, and dubbed the “world computer” coin, has pushed its total AUM of products and funds linked to the token to $92-M, higher than that of Cardano, a public blockchain.

Data also showed that trading volumes across investment products fell 13% to $3-B for the wk.

Have a prosperous day, Keep the Faith!

You may also like

logo-white

Your Trusted Source for Capital Markets & Related News

© 2024 LiveTradingNews.com – For The Traders, By The Traders – All Right Reserved.

The information contained on this website shall not be construed as (i) an offer to purchase or sell, or the solicitation of an offer to purchase or sell, any securities or services, (ii) investment, legal, business or tax advice or an offer to provide such advice, or (iii) a basis for making any investment decision. An offering may only be made upon a qualified investor’s receipt not via this website of formal materials from the Knightsbridge an offering memorandum and subscription documentation (“offering materials”). In the case of any inconsistency between the information on this website and any such offering materials, the offering materials shall control. Securities shall not be offered or sold in any jurisdiction in which such offer or sale would be unlawful unless the requirements of the applicable laws of such jurisdiction have been satisfied. Any decision to invest in securities must be based solely upon the information set forth in the applicable offering materials, which should be read carefully by qualified investors prior to investing. An investment with Knightsbridge is not suitable or desirable for all investors; investors may lose all or a portion of the capital invested. Investors may be required to bear the financial risks of an investment for an indefinite period of time. Qualified investors are urged to consult with their own legal, financial and tax advisors before making any investment. Knightsbridge is a private investment firm that offers investment services to Qualified Investors, Members and Institutions ONLY. Qualified Investors are defined as individuals who have met those Qualifications in the relevant jurisdictions. Members are defined as individuals who have been accepted into the Knightsbridge membership program. Institutions are defined as entities such as banks, pension funds, and hedge funds. If you are not a Qualified Investor, Member or Institution, you are not eligible to invest with Knightsbridge. All investments involve risk, and there is no guarantee of profit. You may lose some or all of your investment. Past performance is not indicative of future results. Knightsbridge is not a registered investment advisor, and this disclaimer should not be construed as investment advice. Please consult with a qualified financial advisor before making any investment decisions. By accessing this website, you agree to the terms of this disclaimer. Thank you for your interest in Knightsbridge.