{"id":15034,"date":"2024-07-08T17:23:41","date_gmt":"2024-07-08T14:23:41","guid":{"rendered":"https:\/\/forklog.com\/en\/investors-capitalize-on-market-correction-to-strengthen-positions-in-crypto-funds\/"},"modified":"2024-07-08T17:23:41","modified_gmt":"2024-07-08T14:23:41","slug":"investors-capitalize-on-market-correction-to-strengthen-positions-in-crypto-funds","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/investors-capitalize-on-market-correction-to-strengthen-positions-in-crypto-funds\/","title":{"rendered":"Investors Capitalize on Market Correction to Strengthen Positions in Crypto Funds"},"content":{"rendered":"<p>Inflows into cryptocurrency investment products amounted to $441 million from June 29 to July 5, following an outflow of $30 million the previous week, according to calculations by <a href=\"https:\/\/blog.coinshares.com\/volume-190-digital-asset-fund-flows-weekly-report-47b8dfbe45c6\">CoinShares<\/a>.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-1095.webp\" alt=\"1-1095\" class=\"wp-image-236494\"\/><figcaption class=\"wp-element-caption\">Data: CoinShares.<\/figcaption><\/figure>\n<p>Analysts noted a resurgence in buying activity, triggered by weak prices amid concerns over coin sales by German authorities and the commencement of bitcoin distribution to Mt.Gox clients.<\/p>\n<p>Trading volumes for <span data-descr=\"exchange-traded product\" class=\"old_tooltip\">ETP<\/span> increased from $6.2 billion to a relatively modest $7.9 billion, partly due to reduced activity during the summer months.<\/p>\n<p>Investors added $398 million to bitcoin-related instruments, compared to $10 million in the previous reporting period.<\/p>\n<p>Clients contributed $0.5 million to structures allowing short positions on digital gold, after withdrawing $4.2 million earlier.<\/p>\n<p>Analysts highlighted that 10% of all inflows were directed towards a broad range of altcoins, an atypical situation.<\/p>\n<p>Specifically, investors poured $16 million into Solana-based products, with the year-to-date figure reaching $57 million, the best result among competitors.<\/p>\n<p>Ethereum funds saw an inflow of $10 million after a $61 million outflow the previous week. The year-to-date dynamics remained negative (-$15 million).<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/2-829.webp\" alt=\"2-829\" class=\"wp-image-236495\"\/><figcaption class=\"wp-element-caption\">Data: CoinShares.<\/figcaption><\/figure>\n<p>Earlier in June, Bloomberg analyst Eric Balchunas suggested the launch of spot Ethereum ETFs on July 2. Reuters provided a similar forecast, with the agency&#8217;s data indicating that product approval by the Commission was expected on July 4.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Inflows into cryptocurrency investment products amounted to $441 million from June 29 to July 5, following an outflow of $30 million the previous week, according to calculations by CoinShares. Data: CoinShares. Analysts noted a resurgence in buying activity, triggered by weak prices amid concerns over coin sales by German authorities and the commencement of bitcoin [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":15033,"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":[18,1191,46,1145,1159],"class_list":["post-15034","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-coinshares","tag-ethereum","tag-market-analysis","tag-solana-sol"],"aioseo_notices":[],"amp_enabled":true,"views":"9","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/15034","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=15034"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/15034\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/15033"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=15034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=15034"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=15034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}