{"id":33019,"date":"2020-12-08T14:04:45","date_gmt":"2020-12-08T12:04:45","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=33019"},"modified":"2025-08-28T11:41:11","modified_gmt":"2025-08-28T08:41:11","slug":"coinshares-outflows-from-gold-focused-funds-partly-shift-into-bitcoin-and-other-cryptocurrencies","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/coinshares-outflows-from-gold-focused-funds-partly-shift-into-bitcoin-and-other-cryptocurrencies\/","title":{"rendered":"CoinShares: Outflows from gold-focused funds partly shift into Bitcoin and other cryptocurrencies"},"content":{"rendered":"<p>Over four weeks, outflows from gold-focused funds amounted to $9.2 billion, 15% of these funds ($1.4 billion) were directed to buying Bitcoin. CoinShares, a digital asset management firm, reported the data.<!--more--><\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p dir=\"ltr\" lang=\"en\">2\/ To read <a href=\"https:\/\/twitter.com\/CoinSharesCo?ref_src=twsrc%5Etfw\">@CoinSharesCo<\/a> Digital Asset Fund Flows Weekly in full: <a href=\"https:\/\/t.co\/MbvaGEUdwi\">https:\/\/t.co\/MbvaGEUdwi<\/a><\/p>\n<p>\u2014 CoinShares \ud83d\udc69\u200d\ud83d\ude80 (@CoinSharesCo) <a href=\"https:\/\/twitter.com\/CoinSharesCo\/status\/1335953315142791168?ref_src=twsrc%5Etfw\">December 7, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In the week to December 7, net inflows into crypto-linked investment products totaled $429 million, bringing their total to nearly $15 billion.<\/p>\n<p>For 2019 the total assets under management across CoinShares, Grayscale Investments, 21Shares, WisdomTree, ETC Issuance and other firms stood at $2.57 billion. To date, this figure has risen by a factor of 5.8.<\/p>\n<div id=\\\"attachment_119025\\\" style=\\\"width: 601px\\\" class=\\\"wp-caption alignnone\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" aria-describedby=\\\"caption-attachment-119025\\\" class=\\\"wp-image-119025 size-full\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/Clipboard-December-8-2020-1_33-PM.png\\\" alt=\\\"CoinShares: Outflows from gold-focused funds partly shifted into Bitcoin and other cryptocurrencies\\\" width=\\\"591\\\" height=\\\"188\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/Clipboard-December-8-2020-1_33-PM.png 591w, https:\/\/u1f987.com\/wp-content\/uploads\/Clipboard-December-8-2020-1_33-PM-300x95.png 300w\\\" sizes=\\\"auto, (max-width: 591px) 100vw, 591px\\\" \/><\/p>\n<p id=\\\"caption-attachment-119025\\\" class=\\\"wp-caption-text\\\">Data: CoinShares.<\/p>\n<\/div>\n<p>The firms&#8217; $430 million in the week was close to the record $468 million reported three weeks earlier.<\/p>\n<p>$334 million went into products linked to Bitcoin, $87 million or 20% of the total \u2014 Ethereum. The increase of this share, according to CoinShares, reflected a rise in investor confidence in <a href=\"https:\/\/u1f987.com\/en\/news\/vitalik-buterin-1-of-issued-eth-sent-to-ethereum-2-0-deposit-contract\">progress<\/a> with the transition of the second-largest cryptocurrency to ETH2.<\/p>\n<blockquote class=\\\"wp-embedded-content\\\" data-secret=\\\"N19VUt0vYK\\\">\n<p><a href=\"https:\/\/u1f987.com\/en\/news\/launch-of-ethereum-2-0-phase-zero-whats-coming-and-what-users-should-expect\">Launching the Phase Zero of Ethereum 2.0: what will happen and what users should expect<\/a><\/p>\n<\/blockquote>\n<p><iframe loading=\\\"lazy\\\" class=\\\"wp-embedded-content\\\" sandbox=\\\"allow-scripts\\\" security=\\\"restricted\\\" style=\\\"position: absolute; visibility: hidden;\\\" title=\\\"\u201cLaunching the Phase Zero of Ethereum 2.0: what will happen and what users should expect\u201d \u2014 ForkLog\\\" src=\\\"https:\/\/u1f987.com\/exclusive\/zapusk-nulevoj-fazy-ethereum-2-0-chto-proizojdet-i-chego-zhdat-polzovatelyam\/embed#?secret=Tech5STdH5#?secret=N19VUt0vYK\\\" data-secret=\\\"N19VUt0vYK\\\" width=\\\"500\\\" height=\\\"282\\\" frameborder=\\\"0\\\" marginwidth=\\\"0\\\" marginheight=\\\"0\\\" scrolling=\\\"no\\\"><\/iframe><\/p>\n<p>In November, the Ethereum Trust assets under management by Grayscale Investments <a href=\"https:\/\/u1f987.com\/en\/news\/grayscale-ethereum-trust-assets-top-1-billion\">surpassed<\/a> the $1 billion mark.<\/p>\n<p>Previously, BlackRock CEO Larry Fink <a href=\"https:\/\/u1f987.com\/en\/news\/blackrock-ceo-larry-fink-sees-bitcoin-as-a-global-market-asset\">suggested<\/a> that Bitcoin could become a global market asset. The firm&#8217;s Chief Investment Officer Rick Rieder <a href=\"https:\/\/u1f987.com\/en\/news\/blackrock-bitcoin-could-replace-gold\">stated<\/a> that Bitcoin is capable of replacing gold.<\/p>\n<p>Subscribe to ForkLog news on <a href=\\\"https:\/\/twitter.com\/ForkLog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">Twitter<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Over four weeks, outflows from gold-focused funds amounted to $9.2 billion, 15% of these funds ($1.4 billion) were directed to buying Bitcoin. CoinShares, a digital asset management company, reported the data.<\/p>\n","protected":false},"author":1,"featured_media":33020,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1191,536,52],"class_list":["post-33019","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-coinshares","tag-gold","tag-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"10","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/33019","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=33019"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/33019\/revisions"}],"predecessor-version":[{"id":33021,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/33019\/revisions\/33021"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/33020"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=33019"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=33019"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=33019"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}