Last week, the crypto investment landscape witnessed a significant exodus of capital from global crypto funds. A recent report from CoinShares highlighted nearly $1 billion net outflow from these funds, marking a historic departure from a 7-week inflow streak that had cumulatively amassed $12.3 billion. A Closer Look At The Outflows The magnitude of these […]
The action was a break from what had been a record seven-week string of inflows.
CoinShares’ global assets under management (AUM) increased to approximately $7.3 billion following the acquisition.
This week’s headlines include Franklin Templeton’s entry into the Ether ETF race, Ripple’s new custody deal, Bakkt’s sale of securities and CoinShares’ Q4 earnings.
New U.S. bitcoin ETFs have amassed $7.7 billion in funds since debut, offsetting the $6 billion outflows from incumbents, according to CoinShares data.
One XRP price metric hints at a 50%-plus price decline for the cryptocurrency in the coming months.
The trading of U.S. spot Bitcoin ETFs brought all-time high weekly trading volumes for crypto investment products, according to CoinShares.
After securing the option to acquire Valkyrie’s crypto unit in November 2023, CoinShares is exercising the option after Valkyrie’s spot Bitcoin ETF listing on Nasdaq.