• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

Cryptocurrencies post 5th straight week of inflows -CoinShares

September 20, 2021 by David Barret Leave a Comment

September 20, 2021

By Gertrude Chavez-Dreyfuss

NEW YORK (Reuters) – Cryptocurrency investment products and funds saw inflows for a fifth consecutive week as market sentiment on the sector continued to improve, data from digital asset manager CoinShares showed on Monday.

Crypto inflows amounted to $41.6 million for the week ended Sept. 17, with bitcoin getting the bulk of inflows at $15.3 million, and ether products garnering $6.6 million. The data showed that inflows were seen across the board.

Digital currency inflows for 2021 were a still a robust $5.96 billion.

“This improved sentiment could be a seasonal phenomenon, but we are not seeing a commensurate rise in volumes in investment products,” said James Butterfill, investment strategist, at CoinShares.

“This suggests that some investors are taking advantage of recent price weakness and the continued rise in alt-coin popularity,” he added.

Bitcoin has suffered the most from negative investor sentiment with inflows in only three of the last 16 weeks, the report said. Over the course of this year, its total market share of assets under management has fallen from 81% in January to just 67% as of last Friday, it added.

Overall, bitcoin inflows for the year amounted to $4.2 billion.

Blockchain data provider Glassnode, in its latest note on Monday, acknowledged the current macroeconomic backdrop that featured growing uncertainties in Chinese credit markets. But it noted that even amid this landscape, “bitcoin price action, and on-chain investor responses appear relatively robust.”

Glassnode believes bitcoin is forming a “consolidation trading range.”

Bitcoin hit a near four-month high above $52,000 on Sept. 6, but was currently down 7.4% at $43,748.

Grayscale is still the largest crypto asset manager, with $43.2 billion in AUM, up from about $28.5 billion around mid- to early August.

AUM at CoinShares, the second biggest digital asset manager, were at $4.2 billion.

(Reporting by Gertrude Chavez-Dreyfuss; Editing by Marguerita Choy)

Source Link Cryptocurrencies post 5th straight week of inflows -CoinShares

David Barret
David Barret

Related posts:

  1. Commercetools raises $140M at a $1.9B valuation as ‘headless’ commerce continues to boom
  2. Tennis – Djokovic still on course to make history, says Armenulic
  3. Spotify’s Clubhouse clone adds six new weekly shows, some that tie to Spotify playlists
  4. Pope, in Slovakia, warns European countries against being self-centred

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • If Birds Are Dinosaurs, Why Are None As Big As T. Rexes?
  • Psychologists Demonstrate Illusion That Could Be Screwing Up Our Perception Of Time
  • Why Are So Many Enormous Roman Shoes Being Discovered At Hadrian’s Wall?
  • Scientists Think They’ve Pinpointed Structural Differences In Psychopaths’ Brains
  • We’ve Found Our Third-Ever Interstellar Visitor, Orcas Filmed Kissing (With Tongues) In The Wild, And Much More This Week
  • The “Eyes Of Clavius” Will Be Visible On The Moon Today, Thanks To Clair-Obscur Effect
  • Shockingly High Microplastic Levels Found On Remote Mediterranean Coral Reef Island
  • Interstellar Object, Cheesy Nightmares, And Smooching Orcas
  • World’s Largest Martian Meteorite Up For Auction Could Reach Whopping $2-4 Million
  • Kimalu The Beluga Whale Undergoes Pioneering Surgery And Becomes First Beluga To Survive General Aesthetic
  • The 1986 Soviet Space Mission That’s Never Been Repeated: Mir To Salyut And Back Again
  • Grisly Incident In Yellowstone National Park Shows Just How Dangerous This Vibrant Wilderness Can Be
  • Out Of All Greenhouse Gas Emitters On Earth, One US Organization Takes The Biscuit
  • Overly Ambitious Adder Attempts To Eat Hare 10 Times Its Mass In Gnarly Video
  • How Fast Does A Spacecraft Need To Go To Escape The Solar System?
  • President Trump’s Cuts To USAID Could Result In A “Staggering” 14 Million Avoidable Deaths By 2030
  • Dzo: Hybrids Beasts That Are Perfectly Crafted For Life On Earth’s Highest Mountains
  • “Rarest Event Ever” Had A Half-Life 1 Trillion Times Longer Than The Age Of The Universe – How Did We See It?
  • Meet The Bille, A Self-Righting Tetrahedron That Nobody Was Sure Could Exist
  • Neurogenesis Confirmed: Adult Brains Really Do Make New Hippocampal Neurons
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version