{"id":10824,"date":"2024-02-19T19:46:24","date_gmt":"2024-02-19T17:46:24","guid":{"rendered":"https:\/\/forklog.com\/en\/crypto-funds-witness-2-45-billion-inflow-analysts-report\/"},"modified":"2024-02-19T19:46:24","modified_gmt":"2024-02-19T17:46:24","slug":"crypto-funds-witness-2-45-billion-inflow-analysts-report","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/crypto-funds-witness-2-45-billion-inflow-analysts-report\/","title":{"rendered":"Crypto Funds Witness $2.45 Billion Inflow, Analysts Report"},"content":{"rendered":"<p>Between February 10 and 16, cryptocurrency investment products saw an unprecedented inflow of $2.45 billion, with 99% of this amount attributed to Bitcoin, according to a report by <a href=\"https:\/\/blog.coinshares.com\/volume-170-digital-asset-fund-flows-weekly-report-1ec8ffde2dda\">CoinShares<\/a>.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-02-19-v-17.49.42.webp\" alt=\"Snimok-ekrana-2024-02-19-v-17.49.42\" class=\"wp-image-226361\"\/><figcaption class=\"wp-element-caption\">Data: CoinShares.<\/figcaption><\/figure>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThis indicates a significant acceleration in net inflows, widely distributed among various providers, suggesting a growing interest in spot <span data-descr=\"exchange-traded fund\" class=\"old_tooltip\">ETF<\/span>,\u201d analysts explained.<\/p>\n<\/blockquote>\n<p>They noted that since the beginning of the year, inflows have reached an \u201cimpressive\u201d $5.2 billion. Assets under management have returned to December 2021 levels, amounting to $67 billion.<\/p>\n<p>Clients invested $5.8 million in structures allowing short positions on the leading cryptocurrency (the previous week saw an <a href=\"https:\/\/u1f987.com\/en\/news\/crypto-funds-experience-1-1-billion-inflow-over-a-week\">outflow of $0.4 million<\/a>).<\/p>\n<p>Ethereum funds received $21 million, while Avalanche, Chainlink, and Polygon attracted $1 million and $0.9 million each, respectively.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-02-19-v-17.52.18.webp\" alt=\"Snimok-ekrana-2024-02-19-v-17.52.18\" class=\"wp-image-226362\"\/><figcaption class=\"wp-element-caption\">Data: CoinShares.<\/figcaption><\/figure>\n<p>Products based on a basket of altcoins lost $0.9 million. Instruments based on Solana (-$1.6 million) and Cardano (-$5.9 million) also showed negative dynamics. In the case of Solana, CoinShares attributed this to a <a href=\"https:\/\/u1f987.com\/en\/news\/solana-blockchain-experiences-outage\">February outage<\/a>.<\/p>\n<p>Earlier, analysts at QCP Capital predicted Bitcoin&#8217;s return to historical highs as early as March. They cited inflows into spot ETFs as one of the reasons for Bitcoin breaking through the key resistance level of $48,000 in February and reaching marks above $52,000.<\/p>\n<p>On February 12, early digital gold advocate Tur Demeester suggested that the coin could reach $600,000 by 2026.<\/p>\n<p>Previously, Lucas Outumuro, head of research at IntoTheBlock, identified five catalysts for Bitcoin&#8217;s rise above $70,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Between February 10 and 16, cryptocurrency investment products saw an unprecedented inflow of $2.45 billion, with 99% of this amount attributed to Bitcoin, according to a report by CoinShares. Data: CoinShares. \u201cThis indicates a significant acceleration in net inflows, widely distributed among various providers, suggesting a growing interest in spot ETF,\u201d analysts explained. They noted [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10823,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1191,1145],"class_list":["post-10824","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-coinshares","tag-market-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"10","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/10824","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=10824"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/10824\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/10823"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=10824"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=10824"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=10824"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}