// BEGIN ENQUEUE PARENT ACTION // AUTO GENERATED - Do not modify or remove comment markers above or below: if ( !function_exists( 'chld_thm_cfg_locale_css' ) ): function chld_thm_cfg_locale_css( $uri ){ if ( empty( $uri ) && is_rtl() && file_exists( get_template_directory() . '/rtl.css' ) ) $uri = get_template_directory_uri() . '/rtl.css'; return $uri; } endif; add_filter( 'locale_stylesheet_uri', 'chld_thm_cfg_locale_css' ); if ( !function_exists( 'chld_thm_cfg_parent_css' ) ): function chld_thm_cfg_parent_css() { wp_enqueue_style( 'chld_thm_cfg_parent', trailingslashit( get_template_directory_uri() ) . 'style.css', array( 'font-awesome-v5','bootstrap','sidr','magnific-popup','sliderpro' ) ); wp_enqueue_script('custom-script', get_stylesheet_directory_uri() . '/custom-script.js', array('jquery')); } endif; add_action( 'wp_enqueue_scripts', 'chld_thm_cfg_parent_css', 10 ); // END ENQUEUE PARENT ACTION add_action( 'admin_enqueue_scripts', 'my_cfg_admin_enqueue' ); function my_cfg_admin_enqueue(){ wp_enqueue_script('custom-script', get_stylesheet_directory_uri() . '/custom-script.js', array('jquery')); wp_enqueue_style('style-cfg-child', get_stylesheet_uri(), array(), "4.2"); } add_action( 'after_setup_theme', 'remove_plugin_image_sizes', 999 ); function remove_plugin_image_sizes(){ remove_image_size( '2048x2048' ); remove_image_size( '1536x1536' ); remove_image_size( 'large' ); } function action_dynamic_sidebar_after( $array ) { if($array == "home-content-widgets") { echo the_content(); } }; add_action( 'dynamic_sidebar_after', 'action_dynamic_sidebar_after', 10, 1 ); add_action( 'trashed_post', 'mtp_delete_attached_thumbnail_for_trashed_product', 20, 1 ); function mtp_delete_attached_thumbnail_for_trashed_product( $post_id ) { // gets ID of post being trashed $post_type = get_post_type( $post_id ); // does not run on other post types if ( $post_type != 'post' ) { return true; } // get ID of featured image $post_thumbnail_id = get_post_thumbnail_id( $post_id ); // delete featured image wp_delete_attachment( $post_thumbnail_id, true ); }/** * The header for our theme * * This is the template that displays all of the section and everything up until
* * @link https://developer.wordpress.org/themes/basics/template-files/#template-partials * * @package CoverNews */ ?> Bitcoin Investment Products Attract Highest Inflows Since 2021 – CoinsMegaNews

Bitcoin Investment Products Attract Highest Inflows Since 2021

2 years ago CryptoExpert
Bitcoin’s Fees Explode Amid BRC-20 Memecoin Mania, Miners Benefit

[ad_1]

Investment products offering crypto exposure have surged in popularity since last month, attracting net inflows of $137 million over the last week alone.

Meanwhile, trading volumes for such products have soared beyond their yearly average, totalling $2.3 billion last week.

Investors Return to Bitcoin

Per Coinshares’ weekly report, inflows into digital asset investment products totalled $742 million over the past 4 weeks.

That’s the greatest investment rush into the sector since Q4 2021 – when Bitcoin (BTC) tapped its all-time high of $69,000. Indeed, virtually all investment interest appears to be in Bitcoin specifically, which absorbed $140 million of inflows last week.

“Bitcoin saw inflows totalling US$140m, comprising 99% of all inflows,” read the report. “Short bitcoin investment products saw a 12th week of outflows of US$3.2m.”

Bitcoin has traded above $30,000 since last month after BlackRock – the world’s largest asset manager – entered the race to list a Bitcoin spot ETF in the United States. The move not only signalled legitimacy for an oft-criticized asset class but gave investors hope that such a product might actually get approved by the U.S. Securities and Exchange Commission (SEC).

Many investors are bullish that an ETF for Bitcoin could attract a wave of capital into the asset from investors unable or unwilling to purchase actual coins on an exchange. According to CoinShares, most capital going to crypto investment funds last week went to ProShares ETFs – funds backed by crypto futures contracts, rather than real coins or tokens.

“Regionally, the inflows were focussed almost solely on North America, with inflows of US$109m and US$28m in the US and Canada respectively,” the report stated. “While minor outflows were seen in Europe with the exception of minor inflows in Switzerland.”

Canada was the first country in the world to approve a Bitcoin spot ETF. Lawmakers in the region recently published a set of digital asset policy recommendations calling for the protection of the users’ right to hold their own crypto.

Altcoin Interest Still Flat

While Ether (ETH) rose alongside Bitcoin since last month, institutional interest in the asset isn’t quite visible. In fact, the crypto suffered minor outflows of $2 million last week from digital asset funds, making it the asset with the most outflows year-to-date.

“Altcoins, Solana, Polygon and Litecoin saw minor inflows of between US$0.5m, US$0.5m and US$.3m respectively,” the report added

Solana (SOL) and Polygon (MATIC) suffered last month after the SEC alleged that both assets were unregistered securities in its lawsuit against Coinbase. However, a positive outcome for XRP in Ripple’s lawsuit with the SEC last week has such coins making a comeback.

SPECIAL OFFER (Sponsored)
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.

[ad_2]

Source link

Tags:

More Stories

Bitcoin Scarcity Post-Halving Will Trigger a Steady Bull Run

Bitcoin’s Scarcity After the Halving to Result in Steady Bull Run

1 year ago CryptoExpert
Bear Market Blues Return as Analyst Predicts 30% Bitcoin Correction to $51K

Bear Market Blues Return as Analyst Predicts 30% Bitcoin Correction to $51K

1 year ago CryptoExpert
Former Bitmex Chief Expects Crypto Prices to ‘Slump’ Around the Bitcoin Halving

Former Bitmex Chief Expects Crypto Prices to ‘Slump’ Around the Bitcoin Halving

1 year ago CryptoExpert
Crypto Market Recovers After Iran-Israel Conflict Rocks Prices

Bitcoin, Crypto Market Bounce Back After Iran-Israel Clash

1 year ago CryptoExpert
Venture Capital Interest in Bitcoin Startups Has Exploded: Research

Venture Capital Interest in Bitcoin Startups Has Exploded: Research

1 year ago CryptoExpert
The Only Path Forward to Web3 Adoption: Unlocking Tech Synergy Through Collaboration

The Only Path Forward to Web3 Adoption: Unlocking Tech Synergy Through Collaboration

1 year ago CryptoExpert

Leave a Reply

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

/** * The template for displaying the footer * * Contains the closing of the #content div and all content after. * * @link https://developer.wordpress.org/themes/basics/template-files/#template-partials * * @package CoverNews */ ?>

You may have missed

Online Casinos Approve PayPal: A Secure and Convenient Repayment Alternative

1 hour ago xtw18387208b

The Best Bitcoin Online Casino: Taking Gaming to the Next Level

1 hour ago xtw18387208b

Playing for fun with no Registration? You’ll Still Be able to Enjoy Your Gaming Experience

4 hours ago xtw18387208b

Play Free Roulette Video Game: An Overview to Online Casino Site Amusement

10 hours ago xtw18387208b