The return of institutional investment flows to crypto derivatives and Bitcoin products are the most popular
The content site is one of the sites that provide the service of answering general questions and solving puzzles and crossword puzzles
Where the content site is primarily interested in answering your questions in all areas, including solving puzzles and crossword puzzles
Answer The return of institutional investment flows to crypto derivatives and Bitcoin products are the most popular
After 6 continuous weeks of major correction, the cryptocurrency market is back with near-medium price gains in the past few days.
Over the past week, the institutional influx into cryptocurrency has turned positive as crypto investment products have seen inflows of $14 million.
Bitcoin and multi-asset investment products led the latest influx.
The total value of global crypto assets under management (AUM) remained above $50 billion last week.
That number fell to its lowest level since August 2021.
In November last year, the total value of global crypto assets under management touched an all-time high of $86 billion.Read:Thai government unveils blockchain-based bonds
What was stated in the “CoinShares” weekly report on digital asset fund flows:
Bitcoin saw inflows totaling $14 million last week, after experiencing $317 million in outflows, representing 1% of AuM, in the previous five weeks.
Among the altcoins that have seen an influx of investment are institutions Cardano, Polkadot and Solana, totaling $1.5 million, $1.5 million and $1.4 million, respectively.
Investors continue to add multiple investment products.
Institutional flows of cryptocurrency began to decline during the second week of January 2022.
The recent rise in inflows indicates the return of positive market sentiment.
Click on Ethereum:
Ethereum has remained the hardest hit cryptocurrency among the top 3 assets in the past 4 weeks.
The second cryptocurrency this year started at $3,800 and dropped below $2,300 on January 24, 2022.
Institutional funds followed the price trend and outflows increased in the mentioned period.
Even last week, Ethereum investment products saw outflows totaling $16 million.
The CoinShares report also states the following:
Ethereum continues to see outflows, with $16 million in outflows last week.Read:KuCoin platform provides instant cash withdrawal and deposit service
The 7-week total outflows reached $245 million, or 2% of AuM, highlighting the recent downward trend among investors who have been focusing on Ethereum rather than Bitcoin.
Currently, the total value of Ethereum-related assets under management is around $12.5 billion.
Facebook puts an end to its “Deem” stablecoin project
Indonesia bans cryptocurrency related to financial firms
And you can ask questions on the content site through the word “Ask a question” at the top of the site, where we answer your questions in a short time