![]() Overall, the data may reflect a need for liquidity among investors, according to CoinShares. Those inflows were short bitcoin, meaning that investors were betting on bitcoin’s price falling. Outflows in digital asset investment products for the last six weeks totaled $424 million, the digital asset investment group found.īitcoin, ether and multi-asset outflows totaled a combined $130 million, although bitcoin also saw $35 million in inflows. While the short-Bitcoin inflows remain relatively small in comparison, the last three weeks inflows total US$38m, representing 26% of the total AuM.Īlthough the trade so far hasn’t worked well year to date, with total short-Bitcoin AuM having fallen by 9.2%, the inflows are still meaningful from a relative scaling perspective.Despite bitcoin’s price surging, digital asset investment products saw net outflows for a sixth consecutive week last week, a report by CoinShares shows.ĭigital asset net outflows totaled $95 million for the week ending March 17. Short-Bitcoin Gains Momentumĭespite the dominance of long-Bitcoin inflows, short-Bitcoin has been making gains with inflows totaling US$8.2m over the same period. It further emphasizes the dominance of BTC in the digital asset market. However, Polygon also saw outflows of US$0.5m. The minor inflows were into Solana ($0.5m), Cardano ($0.6m), and Polygon ($0.3m). ![]() While other cryptocurrencies saw minor inflows, Ethereum saw only US$0.7m of inflows despite the improving clarity around unstaking. ![]() It highlights the growing confidence in the world’s largest cryptocurrency and its potential for long-term growth. ![]() BTC continues to be the primary focus of investors, accounting for a staggering 90% of the total inflows last week, with a total of US$69m. ![]()
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