- Digital asset investment products saw a third consecutive week of inflows last week as the recent spot Bitcoin exchange-traded fund filings by multiple firms continue to drive interest in the asset class, with many crypto traders proclaiming that the next bull market cycle has begun.
The sudden influx of funds has erased the prior nine weeks of outflows and brought the year-to-date flows to a net positive of $231 million, CoinShares said.ProShares ETFs saw the largest inflows with $55.3 million in new funds added over the past week, bringing the YTD inflows to $281 million. The second largest gainer was ETC Issuance GmbH, which recorded $33.9 million in weekly inflows, bringing its YTD total to $187 million.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin: US market reclaims BTC supply dominance on the heels of ETF filingsThe supply of leading coin Bitcoin shifts back to the US following ETF request surge.
Source: CryptoAmb - 🏆 22. / 68 Read more »
WonderFi to wind down CoinSmart, as deal to form Canada’s largest crypto trading platform closesThe merger of CoinSmart, Coinsquare and WonderFi would put together nearly $600-million in combined assets under custody from a customer base of around 1.6 million Canadians
Source: globeandmail - 🏆 5. / 92 Read more »
Crypto-scam involving ‘fake approvals’ busted at RevokeRevoke.cash saw a new kind of cryptocurrency scam around “fake approvals” recently.
Source: CryptoAmb - 🏆 22. / 68 Read more »
Why the American Dream still holds true for crypto, blockchain jobs in 2023As per a latest report, a total of 10,000 companies employing roughly 200,000 people were scattered across the cryptocurrency sector.
Source: CryptoAmb - 🏆 22. / 68 Read more »
Hydro, Conifex at odds offer crypto mine power usageCompany disputes claim projects would consume half the output of Site C dam
Source: PGCitizen - 🏆 65. / 51 Read more »
Jordan Guiao: A message to Canada from Australia — don’t set Google scare youGoogle’s monopolistic position in the digital landscape may finally be coming to an end
Source: nationalpost - 🏆 10. / 80 Read more »