{"id":11440,"date":"2023-04-12T02:42:59","date_gmt":"2023-04-12T02:42:59","guid":{"rendered":"http:\/\/cryptoheretostay.com\/?p=11440"},"modified":"2023-04-12T02:42:59","modified_gmt":"2023-04-12T02:42:59","slug":"bitcoin-continues-to-shine-with-98-of-inflows-into-crypto-investment-products","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=11440","title":{"rendered":"Bitcoin continues to shine with 98% of inflows into crypto investment products"},"content":{"rendered":"<script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script>\n<p>On April 11, European cryptocurrency investment firm CoinShares published its latest \u201cDigital Asset Fund Flows Report,\u201d revealing that digital asset investment products experienced positive sentiment, with inflows totaling $57 million last week, bringing them back to a net positive position year-to-date. However, despite this, \u201cvolumes were low at $970 million for the week.\u201d The global Bitcoin (BTC) exchange market also saw low volumes, \u201djust 25% of the year-to-date average at $18 billion for the week.\u201d<\/p>\n<p><em>Weekly crypto asset flows in millions (U.S. dollars). Source: CoinShares<\/em><\/p>\n<p>According to the report, inflows were primarily driven by investors in the United States, with $27 million in inflows. Germany, Switzerland and Canada also saw positive sentiment, with inflows totaling $17 million, $13 million and $2.2 million, respectively, indicating a broad-based increase in confidence toward digital assets.<\/p>\n<p>Investors primarily focused on Bitcoin,\u00a0which received $56 million in inflows, accounting for 98% of all inflows. Meanwhile, short-Bitcoin suffered minor outflows totaling $0.6 million. In contrast, altcoins \u2014 including Uniswap\u2019s UNI (UNI), Polkadot\u2019s DOT (DOT) and Polygon\u2019s MATIC (MATIC) \u2014 saw minor inflows of less than $1 million each.<\/p>\n<p>The report also notes that, despite the Ethereum network\u2019s Shapella upgrade scheduled for April 12, Ether (ETH) inflows were relatively minor at $600,000, suggesting that perhaps investors are cautious about investing in ETH until they are more confident about the impact of the upgrade. Additionally, blockchain equities saw minor inflows totaling $2.1 million, indicating a relatively quiet week for the market segment.<\/p>\n<p><strong><em>Related:\u00a0Ethereum price retests key support level that preceded 60% gains in June 2022<\/em><\/strong><\/p>\n<p>Overall, the positive sentiment in the digital asset market last week \u2014 despite low volumes \u2014 indicates that investors remain bullish on the prospects of cryptocurrency. As previously reported by Cointelegraph, Bitcoin has reclaimed $30,000, its highest price since June 2022. Over the last 30 days, BTC recorded gains of nearly 46%, rising to its highest level in 10 months on April 11.<\/p>\n<p><em>Bitcoin price chart. Source: CoinGecko<\/em><\/p>\n<p>On April 5,\u00a0American business intelligence firm\u00a0MicroStrategy added another 1,045 BTC to its growing crypto treasury, for approximately $29.3 million at an average price of $28,016 per BTC.\u00a0Saylor has been a prominent Bitcoin proponent, urging businesses to incorporate the leading cryptocurrency into their strategic asset allocation. He has consistently emphasized his belief that Bitcoin is the most dependable, secure store of value available in the current market and presents a distinctive avenue for enterprises to safeguard their assets against inflation.<\/p>\n<p><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-continues-to-shine-with-98-of-inflows-into-crypto-investment-products\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On April 11, European cryptocurrency investment firm CoinShares published its latest \u201cDigital Asset Fund Flows Report,\u201d revealing that digital asset investment products experienced positive sentiment, with inflows totaling $57 million last week, bringing them back to a net positive position year-to-date. However, despite this, \u201cvolumes were low at $970 million for the week.\u201d The global [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11441,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[2],"tags":[],"class_list":["post-11440","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/11440","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11440"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/11440\/revisions"}],"predecessor-version":[{"id":11442,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/11440\/revisions\/11442"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/11441"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11440"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11440"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11440"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}