{"id":629879,"date":"2024-07-16T07:00:32","date_gmt":"2024-07-16T07:00:32","guid":{"rendered":"https:\/\/ktsl888.com\/?p=629879"},"modified":"2024-07-15T18:22:28","modified_gmt":"2024-07-15T18:22:28","slug":"bitcoin-dominates-as-crypto-funds-attract-billion","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/bitcoin-news\/bitcoin-dominates-as-crypto-funds-attract-billion\/","title":{"rendered":"Bitcoin Dominates as Crypto Funds Attract $1.44 Billion in Fresh Capital, Rally To Begin?"},"content":{"rendered":"

Following Bitcoin’s gradual rebound seen last week, the global crypto investment products also appear to have witnessed<\/a> a notable influx of funds, with a substantial $1.44 billion pouring in over the same period.<\/p>\n

According to CoinShares, a leading crypto asset management firm, this surge has pushed the year-to-date total to top roughly $17.8 billion, highlighting a growing confidence among investors despite recent market downturns.<\/p>\n

Related Reading: Institutions Grab Over $5 Billion Bitcoin in a Week: Are They Predicting a Mega Rally?<\/a><\/div>\n

Surge In Crypto Fund Inflows<\/h2>\n

According to the insight shared by CoinShares in its latest report, last week’s activity marked one of the largest net inflows recorded, significantly outpacing the $10.6 billion accumulated during the entire bull run of 2021.<\/p>\n

This significant increase can be largely attributed to investors taking advantage of recent dips in the prices of many different cryptocurrencies. Bitcoin-centric funds dominated this movement<\/a>, bringing in about $1.35 billion of that total amount.<\/p>\n

This indicates investors’ robust appetite for the leading cryptocurrency, which continues to dominate the market despite periodic volatility<\/a>.<\/p>\n

Conversely, products betting against Bitcoin (short-BTC Products) saw a reversal in fortune, registering net outflows of $8.6 million\u2014the most significant outflow since April.<\/p>\n

The shift in holdings indicates a change of heart, which could be due to more favorable market conditions<\/a>, or it may simply involve strategic portfolio changes for large holders. James Butterfill, head of research at CoinShares, particularly noted:<\/p>\n

We believe price weakness due to the German Government bitcoin sales and a turnaround in sentiment due to lower than expect CPI in the US prompted investor to add to positions.<\/p><\/blockquote>\n

While the inflow rise was global, US-based funds were by far the largest receiver at $1.3 billion. However, there were also considerable inflows in other parts of the world.<\/p>\n

\"Crypto
Crypto fund flows by region. | Source: CoinShares<\/figcaption><\/figure>\n

For instance, Switzerland saw $36 million, and Hong Kong and Canada collectively added more than $137 million, indicating a universal interest in cryptocurrency investment.<\/p>\n

Interestingly, Ethereum-based investment products also enjoyed a significant boost, with a $72 million increase in inflows. Butterfill disclosed that this spike is likely “in anticipation of the imminent approval of the spot-based exchange-traded fund (ETF) in the US.”<\/p>\n

\"Crypto
Crypto fund flows. | Source: CoinShares<\/figcaption><\/figure>\n

Gradual Recovery: Bitcoin And Ethereum Market Performance<\/h2>\n

So far, the inflows seen in the crypto market last week appear to be now reflected in Bitcoin and Ethereum’s price, with both assets now seeing noticeable rebounds<\/a> following their recent correction, which made BTC fall as low as $53,000 levels and Ethereum dropping below $2,900.<\/p>\n

Related Reading: JPMorgan Says Crypto Liquidations Will End And Bitcoin Bull Market Will Begin, Here\u2019s When<\/a><\/div>\n

Over the past 24 hours alone, Bitcoin has seen quite the surge, increasing by 6.1% in value to reclaim the $63,000 mark. At the time of writing, the asset currently trades at $63,764<\/a>, still down roughly 13.9% from its March peak above $73,000.<\/p>\n

\"Bitcoin
BTC price is moving downwards on the 2-hour chart. Source: BTC\/USDT on TradingView.com<\/a><\/figcaption><\/figure>\n

Ethereum also appears to be mirroring BTC’s price performance. The second largest crypto by market cap is also up 6.4% in the past 24 hours to stand at a current trading price of $3,396.<\/p>\n

Featured image created with DALL-E, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"

Following Bitcoin’s gradual rebound seen last week, the global crypto investment products also appear to have witnessed a notable influx of funds, with a substantial $1.44 billion pouring in over the same period. According to CoinShares, a leading crypto asset management firm, this surge has pushed the year-to-date total to top roughly $17.8 billion, highlighting a growing confidence among investors despite recent market downturns. Related Reading: Institutions Grab Over $5 Billion Bitcoin in a Week: Are They Predicting a Mega Rally? Surge In Crypto Fund Inflows According to the insight shared by CoinShares in its latest report, last week’s activity marked one of the largest net inflows recorded, significantly outpacing the $10.6 billion accumulated during the entire bull run of 2021. This significant increase can be largely attributed to investors taking advantage of recent dips in the prices of many different cryptocurrencies. Bitcoin-centric funds dominated this movement, bringing in about $1.35 billion of that total amount. This indicates investors’ robust appetite for the leading cryptocurrency, which continues to dominate the market despite periodic volatility. Conversely, products betting against Bitcoin (short-BTC Products) saw a reversal in fortune, registering net outflows of $8.6 million\u2014the most significant outflow since April. The shift in holdings indicates a change of heart, which could be due to more favorable market conditions, or it may simply involve strategic portfolio changes for large holders. James Butterfill, head of research at CoinShares, particularly noted: We believe price weakness due to the German Government bitcoin sales and a turnaround in sentiment due to lower than expect CPI in the US prompted investor to add to positions. While the inflow rise was global, US-based funds were by far the largest receiver at $1.3 billion. However, there were also considerable inflows in other parts of the world. For instance, Switzerland saw $36 million, and Hong Kong and Canada collectively added more than $137 million, indicating a universal interest in cryptocurrency investment. Interestingly, Ethereum-based investment products also enjoyed a significant boost, with a $72 million increase in inflows. Butterfill disclosed that this spike is likely “in anticipation of the imminent approval of the spot-based exchange-traded fund (ETF) in the US.” Gradual Recovery: Bitcoin And Ethereum Market Performance So far, the inflows seen in the crypto market last week appear to be now reflected in Bitcoin and Ethereum’s price, with both assets now seeing noticeable rebounds following their recent correction, which made BTC fall as low as $53,000 levels and Ethereum dropping below $2,900. Related Reading: JPMorgan Says Crypto Liquidations Will End And Bitcoin Bull Market Will Begin, Here\u2019s When Over the past 24 hours alone, Bitcoin has seen quite the surge, increasing by 6.1% in value to reclaim the $63,000 mark. At the time of writing, the asset currently trades at $63,764, still down roughly 13.9% from its March peak above $73,000. Ethereum also appears to be mirroring BTC’s price performance. The second largest crypto by market cap is also up 6.4% in the past 24 hours to stand at a current trading price of $3,396. Featured image created with DALL-E, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":629887,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[88240],"tags":[428,629,1119,78790,16180,6664,15122,10923,1946],"class_list":["post-629879","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin","tag-bitcoin-market","tag-btc","tag-btcusdt","tag-coinshares","tag-crypto","tag-crypto-funds","tag-crypto-market","tag-ethereum"],"acf":[],"yoast_head":"\nBitcoin Dominates as Crypto Funds Attract $1.44 Billion in Fresh Capital, Rally To Begin?<\/title>\n<meta name=\"description\" content=\"Following Bitcoin gradual rebound seen last week, the global crypto investment products also appear to have witnessed a notable...\" \/>\n<meta name=\"robots\" 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/ktsl888.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Dominates as Crypto Funds Attract $1.44 Billion in Fresh Capital, Rally To Begin?","url":"http:\/\/ktsl888.com\/bitcoin-news\/bitcoin-dominates-as-crypto-funds-attract-billion\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/bitcoin-news\/bitcoin-dominates-as-crypto-funds-attract-billion\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/DALL\u00b7E-2024-07-15-18.45.58-Create-a-featured-image-for-an-article-titled-Bitcoin-Dominates-as-Crypto-Funds-Attract-1.44-Billion-in-Fresh-Capital-Rally-To-Begin_.-Show-the-Bi.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/DALL\u00b7E-2024-07-15-18.45.58-Create-a-featured-image-for-an-article-titled-Bitcoin-Dominates-as-Crypto-Funds-Attract-1.44-Billion-in-Fresh-Capital-Rally-To-Begin_.-Show-the-Bi.jpg?fit=1024%2C1024"},"articleSection":"Bitcoin News","author":[{"@type":"Person","name":"Samuel Edyme"}],"creator":["Samuel Edyme"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin market","btc","btcusdt","coinshares","crypto","crypto funds","crypto market","ethereum"],"dateCreated":"2024-07-16T07:00:32Z","datePublished":"2024-07-16T07:00:32Z","dateModified":"2024-07-16T07:00:32Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Dominates as Crypto Funds Attract $1.44 Billion in Fresh Capital, Rally To Begin?\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/bitcoin-news\\\/bitcoin-dominates-as-crypto-funds-attract-billion\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/bitcoin-news\\\/bitcoin-dominates-as-crypto-funds-attract-billion\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/DALL\\u00b7E-2024-07-15-18.45.58-Create-a-featured-image-for-an-article-titled-Bitcoin-Dominates-as-Crypto-Funds-Attract-1.44-Billion-in-Fresh-Capital-Rally-To-Begin_.-Show-the-Bi.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/DALL\\u00b7E-2024-07-15-18.45.58-Create-a-featured-image-for-an-article-titled-Bitcoin-Dominates-as-Crypto-Funds-Attract-1.44-Billion-in-Fresh-Capital-Rally-To-Begin_.-Show-the-Bi.jpg?fit=1024%2C1024\"},\"articleSection\":\"Bitcoin News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Samuel Edyme\"}],\"creator\":[\"Samuel Edyme\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin market\",\"btc\",\"btcusdt\",\"coinshares\",\"crypto\",\"crypto funds\",\"crypto market\",\"ethereum\"],\"dateCreated\":\"2024-07-16T07:00:32Z\",\"datePublished\":\"2024-07-16T07:00:32Z\",\"dateModified\":\"2024-07-16T07:00:32Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/DALL\u00b7E-2024-07-15-18.45.58-Create-a-featured-image-for-an-article-titled-Bitcoin-Dominates-as-Crypto-Funds-Attract-1.44-Billion-in-Fresh-Capital-Rally-To-Begin_.-Show-the-Bi.jpg?fit=1024%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/629879"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/580"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=629879"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/629879\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/629887"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=629879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=629879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=629879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}