{"id":14201,"date":"2024-06-10T12:22:25","date_gmt":"2024-06-10T09:22:25","guid":{"rendered":"https:\/\/forklog.com\/en\/investors-inject-2-billion-into-bitcoin-products\/"},"modified":"2024-06-10T12:22:25","modified_gmt":"2024-06-10T09:22:25","slug":"investors-inject-2-billion-into-bitcoin-products","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/investors-inject-2-billion-into-bitcoin-products\/","title":{"rendered":"Investors Inject $2 Billion into Bitcoin Products"},"content":{"rendered":"<p>From June 1 to June 7, cryptocurrency investment products saw an inflow of $2.04 billion, with Bitcoin-based products accounting for $1.973 billion, according to calculations by <a href=\"https:\/\/blog.coinshares.com\/volume-186-digital-asset-fund-flows-weekly-report-dc1d43e0e207\">CoinShares<\/a>.<\/p>\n<p>In both cases, the weekly figures matched the totals for the entire previous month.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-1055.webp\" alt=\"1-1055\" class=\"wp-image-234480\"\/><figcaption class=\"wp-element-caption\">Data: CoinShares.<\/figcaption><\/figure>\n<p>Analysts attributed the accelerated pace to expectations of a monetary policy easing by the <span data-descr=\"Federal Reserve System of the USA\" class=\"old_tooltip\">Fed<\/span>.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cThis shift in sentiment was a direct response to weaker-than-expected macroeconomic data in the US, leading to heightened expectations of a rate cut,\u201d<\/em> the report stated.<\/p>\n<\/blockquote>\n<p>The positive trend continued for the fifth consecutive week. The total assets under management exceeded $100 billion for the first time since March.<\/p>\n<p>Trading volume for <span data-descr=\"exchange-traded product\" class=\"old_tooltip\">ETP<\/span> increased by 55% to $12.8 billion.\u00a0<\/p>\n<p>Clients directed $1.97 billion into Bitcoin-related instruments, compared to $148 million in the previous reporting period.\u00a0<\/p>\n<p>Investors withdrew $5.3 million from structures that allow short positions on the leading cryptocurrency, up from $3.5 million earlier.<\/p>\n<p>In Ethereum funds, inflows continued for the third consecutive week, with the pace increasing from $33.5 million to a March high of $68.9 million.\u00a0<\/p>\n<p>Analysts cited the <a href=\"https:\/\/u1f987.com\/en\/news\/sec-approves-spot-ethereum-etfs-key-developments\">approval<\/a> by the <span data-descr=\"Securities and Exchange Commission of the USA\" class=\"old_tooltip\">SEC<\/span> of 19b-4 applications from ETH\u2013ETF issuers as a driver. Trading will commence once the agency signs the registration statements on Form S-1.<\/p>\n<p>Among other altcoins, notable inflows were seen in Fantom-based ($1.4 million) and XRP-based ($1.2 million) instruments.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/2-807.webp\" alt=\"2-807\" class=\"wp-image-234481\"\/><figcaption class=\"wp-element-caption\">Data: CoinShares.<\/figcaption><\/figure>\n<p>Earlier, K33 Research estimated the net inflow into ETH\u2013ETF in the first five months after trading began at $3.1 billion\u2013$4.8 billion.\u00a0<\/p>\n<p>Previously, VanEck raised its Ethereum forecast for 2030 to $22,000.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>From June 1 to June 7, cryptocurrency investment products saw an inflow of $2.04 billion, with Bitcoin-based products accounting for $1.973 billion, according to calculations by CoinShares. In both cases, the weekly figures matched the totals for the entire previous month. Data: CoinShares. Analysts attributed the accelerated pace to expectations of a monetary policy easing [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14200,"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":[1191,569,46,1249,1224,1145],"class_list":["post-14201","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-coinshares","tag-etf","tag-ethereum","tag-federal-reserve-system","tag-macroeconomics","tag-market-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"13","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/14201","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=14201"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/14201\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/14200"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=14201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=14201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=14201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}