NFT News by Thebittimes.Com

CoinShares reports a $293 million surge in crypto investment s, hitting $1.14 billion. The rise is attributed to the potential listing of a spot-based Bitcoin ETF. Looking at the last two weeks, the European crypto asset manager suggests this is a real turnaround in sentiment, which may result from the recent spot-based ETF listing request. The CoinShares report, dated Nov. 13, highlights that digital asset investment product s saw inflows of $293 million, extending the consecutive run to seven weeks and surpassing the $1 billion milestone. The total amount now stands at $1.14 billion, marking the third-highest annual inflow on record.  You might also like: CoinShares reports total inflows in 2023 have now surpassed 2022 Moreover, this influx of funds, coupled with price appreciation, has led to a 9.6% increase in total assets under management (AuM) over the past week and a 99% surge since the beginning of the year. As a result, the total AuM has reached $44.3 billion, ...

According to CoinShares, digital asset investment products saw outflows totaling $72 million last week, as investors brace for the Fed's forthcoming rate decision on May 3. On May 2, European crypto currency investment firm CoinShares published its latest “Digital Asset Fund Flows Weekly Report,” which stated that the digital asset market experienced bearish sentiment for the second consecutive week, resulting in out flows totaling $72 million. The report noted that the bearish sentiment could be attributed to the probability of further interest rate hikes by the United States Federal Reserve this week. Weekly crypto asset flows. Source: CoinShares According to the report, crypto market funds experienced outflows across all geographies and providers, particularly in Germany and Canada, where outflows reached $40 million and $14 million, respectively. Bitcoin (BTC) recorded the largest outflows at $46 million, with short-Bitcoin also experiencing outflows of $7.8 million, its hig...