Cryptocurrency Fund Flows Decline as Bitcoin Price Trades Sideways
Cryptocurrency fund inflows declined by roughly 58% to $99 million last week. Lower investor appetite for digital asset funds could reflect uncertainty over bitcoin’s price, which recently has traded in a range between $53,000 and $61,000.
“Since the February price highs and heightened volatility, we have seen a steady decline in appetite amongst investors,” according to a report by CoinShares, a digital asset management firm.
- “We have also seen a decline in bitcoin investment product trading volumes to $713 million per day last week, versus $1.1 billion per day for 2021,” wrote CoinShares.
- Fund flow data also shows a regional divide. Inflows are slowing in the U.S., while Europe and Canada have sustained investor appetite.
- Bitcoin (BTC) products received a majority of inflows last week, while ethereum (ETH) and polkadot (DOT) lagged behind.
Recommended News
-
After August 30, 2022, the reward rules for users participating in TSwap node PK will be changed
According to the latest news from the TSwap official website: The LAX+USDT liquidity pool will be tested globally from June 1 to June 6, 2022. If the liquidity pool is tested to be functional, it will be officially launched. The users can obtain the token of ecological value TJC by adding liquidity. In fact, most of the community users are expecting the LAX+USDT liquidity pool, and they want to participate in the liquidity pool plan, which will accelerate the development of TSwap ecology. With the rapid ecological development, the consensus…
-
A metaverse game called “FunBall” will be launched soon
With Zuckerberg’s announcement to rename fackbook to meta, we saw more and more “metaverse” games start to appear in the market. Game platforms, such as GALA YOOSHI have borrowed from the steam model and have quickly accumulated a large number of users in a short period of time. Recently, we have been looking at a company called ” BRILLIANT FAITH”, which is planning to launch a game competition platform called “MeRace”. They have officially announced that the platform is in development and have announced the name of the first game “FunBall”. The…
-
KHC — Redefining Finance
Looking back to 2020, traditional industries have been inflicted heavy losses and the development of global economy has come to a stalemate, even suffered a sharp recession by the pandemic. Therefore, as the representative of a favourable turn, the emergence of DeFi will inevitably become the new star to attract everyone’s attention. Decentralized Finance, DeFi, enables users to access financial services like debit and credit sides, trading and so on without relying on centralized entities such as banks and stock exchanges. DeFi is currently the fastest growing area in blockchain and cryptocurrency…
-
Mars Rabbit, a new BSC deployed DEFI + NFT blockchain project roaring across the horizon- the next generation community token that is positioned to surpass Dogecoin
What people have been saying about these rabbits: “Crazy and silly” “Weird and funny’ “Large eyes, ears and teeth.” “Representative of the Cute and goofy world” The rabbits come from Mars! They are crazy and full of imagination! They are called Mars Rabbits! “Imagination monetizing”: turning your imagination into reality and money. Project Introduction Mars Rabbit is a community driven DEFI+NFT blind box card game platform deployed on the BSC network. With no private sale, IDO, and pre-mining, Mars Rabbit uses token rewards to increase user participation and entertainment. The integration of a…
-
Ethereum’s ‘EIP 1559’ Fee Market Overhaul Greenlit for July
One of the most significant and contentious alterations to the Ethereum blockchain in recent memory is now scheduled for inclusion into its codebase. Ethereum Improvement Proposal (EIP) 1559 will be packaged with the London hard fork this coming July regardless of the mining industry’s discontent with the proposal, according to the All Core Developers call Friday. At least five other EIPs are likely to join EIP 1559 in London. EIP 1559 flips a typical blockchain transaction on its head in order to fix numerous issues with Ethereum’s user experience. Traditionally, a user sends a gas…
-
The most anticipated chain game at the end of 2021–islandswap
If 2020 is the first year of DeFi’s explosion, then 2021 is undoubtedly the first year of GameFi’s explosion. Axie has become a phenomenon product whose monthly income has surpassed that of Honor of Kings, depicting a broad prospect of chain games for the public. The fitting concept “metaverse”, as well as the upgrading of policy and supervision, have pushed the chain games to a new climax. The shift from the traditional “Free to Play” to “Play to Earn” (P2E) mode has allowed many chain players to take advantage of GameFi. If you…
-
Big news for the crypto trading space: CoinW announces all spot trading – free of charge
On July 13, 2022, CoinW made another major upgrade, announcing that all users of CoinW will not be charged transaction fees when trading in all spot currencies. Zero fees! This is another major breakthrough, after the official announcement on July 5 , by leading Crypto Exchange, that all BTC transactions, will be free of charge. This is not only the first platform in the network to adopt 0 transaction fee for spot trading, but also a long-awaited benefit for platform users. As we all know, exchanges can provide investors with…
-
Community-Driven Interstellar Metaverse GiiiO Interstellar Explorer, Will List Binance NFT Soon
Recently, the chain game track featuring concepts such as Metaverse and Play to Earn (play to earn) has become more and more popular, accompanied by the wealth effect brought by playing earning games and the influx of a large number of users. This track where encryption technology is fully applied in the game industry has attracted the attention of the industry. This article will select the “potential stocks” projects that may be underestimated in the chain game track in the near future according to the current development status and…
-
Social Tokens Crash After a Reported Hack at Roll Wallet
A number of social tokens, or cryptocurrencies supporting online communities, tanked early Sunday after a reported security breach at Roll. Tokens like WHALE, RARE and PICA tanked more than 50% during the early European hours, according to data provider CoinGecko. Meanwhile, the RLY token of competing social money platform Rally spiked to all-time highs. The founder of WHALE, a social coin underpinned by a basket of non-fungible tokens (NFTs), confirmed the hack on Twitter, stating that 2.17% of the coin’s supply has been compromised and the rest is secure in the cold storage. Whale price dumpSource: @NiftyReport Roll…
-
Exploit Network closes $1.5 million funding round
On March 19, Exploit Network, a multi-chain privacy payment protocol, closed a $1.5 million initial round of funding from BlockCapital, HashFund and seven other institutions and listed companies. The team plans to use the funding to hire more technical engineers to build multi-chain interoperable application scenarios. Exploit Network is currently in its early stages and the team’s founder, Cora, was previously with DataCom, a leading IT company in New Zealand, working on network engineering architecture. Cora is also a core member of the local Auckland-based Geeks Anonymous group and has…
