{"id":16023,"date":"2024-08-12T13:47:29","date_gmt":"2024-08-12T10:47:29","guid":{"rendered":"https:\/\/forklog.com\/en\/stock-market-rebound-revives-demand-for-crypto-funds\/"},"modified":"2024-08-12T13:47:29","modified_gmt":"2024-08-12T10:47:29","slug":"stock-market-rebound-revives-demand-for-crypto-funds","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/stock-market-rebound-revives-demand-for-crypto-funds\/","title":{"rendered":"Stock Market Rebound Revives Demand for Crypto Funds"},"content":{"rendered":"<p>Inflows into cryptocurrency investment funds amounted to $176 million from August 4 to August 10, following an outflow of $528 million the previous week, according to data from <a href=\"https:\/\/blog.coinshares.com\/volume-195-digital-asset-fund-flows-weekly-report-e29fcaa8713d\">CoinShares<\/a>.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-1145.webp\" alt=\"1-1145\" class=\"wp-image-238754\"\/><figcaption class=\"wp-element-caption\">Data: CoinShares.<\/figcaption><\/figure>\n<p>Analysts attributed the recovery in positive dynamics to a resurgence in demand after prices fell to attractive buying levels.<\/p>\n<p>The volume of assets under management by product issuers dropped from $90 billion to $75 billion before rebounding to $85 billion.<\/p>\n<p>The turnover of <span data-descr=\"exchange-traded product\" class=\"old_tooltip\">ETP<\/span> increased from $14.8 billion the previous week to $19 billion.<\/p>\n<p>Investor interest was concentrated on Ethereum funds, which saw inflows of $155 million. Year-to-date figures surged to $862 million, the highest since 2021. Experts attributed the trend to inflows into ETH-ETF.<\/p>\n<p>Clients added $13 million to bitcoin-related products after a $400 million outflow the previous week. Experts noted that a return to positive territory occurred only at the end of the week.<\/p>\n<p>Investors withdrew $16 million, the highest since May 2023, from structures allowing short positions on digital gold, following previous inflows of $1.8 million\u201423% of <span data-descr=\"assets under management\" class=\"old_tooltip\">AUM<\/span>.<\/p>\n<p>Tools based on a basket of altcoins attracted $18.3 million (compared to $18.1 million the previous week).<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/2-855.webp\" alt=\"2-855\" class=\"wp-image-238755\"\/><figcaption class=\"wp-element-caption\">Data: CoinShares.<\/figcaption><\/figure>\n<p>Michael Terpin, founder of Transform Ventures, predicted that bitcoin could rise above $100,000 if Donald Trump wins the U.S. presidential election.<\/p>\n<p>Earlier, analysts from the cryptocurrency exchange Coinbase attributed the decline in the first cryptocurrency&#8217;s rate to seasonality. According to them, the digital asset market faced a traditional downward trend for August.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Inflows into cryptocurrency investment funds amounted to $176 million from August 4 to August 10, following an outflow of $528 million the previous week, according to data from CoinShares. Data: CoinShares. Analysts attributed the recovery in positive dynamics to a resurgence in demand after prices fell to attractive buying levels. The volume of assets under [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16022,"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":[1191,1145],"class_list":["post-16023","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-coinshares","tag-market-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"6","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/16023","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=16023"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/16023\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/16022"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=16023"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=16023"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=16023"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}