• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Crypto funds soar: unveiling the $1.8B mystery surge

Crypto funds soar: unveiling the $1.8B mystery surge

user avatar

by Liza Tanasova

2 years ago


Last week witnessed another surge in crypto fund inflows at major asset managers, including 21Shares, Bitwise, CoinShares, Grayscale, and ProShares, adding an additional $43 million. This marks an impressive 11-week streak, accumulating a total of $1.8 billion, according to the latest report from CoinShares.

Bitcoin-focused funds remained in the spotlight, attracting $20 million in inflows last week, contributing to its year-to-date total of $1.7 billion. Despite this, the overall inflows showed a significant decrease compared to the previous two weeks, which saw $176 million and $346 million, respectively. Ether investment products experienced a positive turnaround, with inflows of $10 million, continuing a six-week streak that reversed year-to-date outflows of $125 million to $19 million in total inflows.

Solana and Avalanche-based funds retained their popularity among investors, with inflows of $3 million and $2 million, respectively, according to James Butterfill, CoinShares Head of Research. In terms of regions, Europe dominated with reported inflows of $43 million, while the United States recorded $14 million in inflows, with half directed towards short positions. Hong Kong witnessed a second consecutive week of outflows, totaling $8 million, and Brazil experienced outflows of $4.6 million.

Notably, there was a significant increase of $8.6 million in short Bitcoin position inflows, more than double the previous week's figure, driven by recent price appreciation and perceived downside risks, as highlighted by James Butterfill. Recent market fluctuations and perceived risks resulted in the liquidation of over $94 million in Bitcoin positions on centralized exchanges, with the majority ($85 million) being longs. This contributed to a total of $360 million in liquidations across various platforms, with Bitcoin experiencing a temporary 10% dip on some exchanges before rebounding to its current trading value of around $42,364.

Blockchain equities continued their eight-week streak, registering their largest weekly inflows on record at $126 million. Bitcoin mining firms Bitfarms and Core Scientific saw significant gains of 46.2% and 43.5%, respectively, while Argo Blockchain (31%) and Terawulf (20%) also posted notable increases. However, Cipher Mining faced a loss of 4.3%, and Hut 8's stock fell by 3.9%.

Coinbase and MicroStrategy stocks underperformed compared to Bitcoin, rising 1.5% and 5.1%, respectively, in contrast to Bitcoin's 6.6% gain. Bitcoin mining hardware manufacturers Canaan had a challenging week, sliding 19%, joining Galaxy (-1.62%) and Bakkt (-3.80%) as some of the few crypto-related stocks that lost value last week.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Remixpoint Pays CEO Salary in Bitcoin: A Historic Milestone for Japan

chest

Japanese firm Remixpoint becomes the first publicly listed company to pay its CEO in Bitcoin, reinforcing its commitment to cryptocurrency.

user avatarGiorgi Kostiuk

Cardano Founder on Refusal to Integrate in El Salvador's Crypto Infrastructure

chest

Cardano founder outlines reasons for declining integration proposals with El Salvador, highlighting compliance risks and gang-related concerns.

user avatarGiorgi Kostiuk

Bollinger Bands Squeeze for Bitcoin: A Sign of Possible Price Surge

chest

Bitcoin's Bollinger Bands have narrowed to 7.7%, signaling potential price fluctuations.

user avatarGiorgi Kostiuk

XRP and the $2.3458 Resistance Level: Current Situation and Predictions

chest

XRP struggles to break the $2.3458 resistance level, raising concerns among investors.

user avatarGiorgi Kostiuk

Investment in Bitcoin: DigitalX Secures A$20.7 Million for Expansion

chest

DigitalX has secured A$20.7 million for Bitcoin reserves, strengthening its market position in Australia.

user avatarGiorgi Kostiuk

TON Foundation: How Telegram is Changing the Blockchain Landscape

chest

The TON Foundation integrates blockchain into Telegram, offering fast transactions and cryptocurrency support within the messaging app.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.