Altcoin News by Thebittimes.Com

An analyst at Coinbase says there are at least three reasons why tracking cash flow into spot Bitcoin ETFs at launch will give no valuable insights for the long term. While spot Bitcoin (BTC) exchange-traded funds (ETFs) have the opportunity to allow adoption to “grow at scale,” the crypto community should not expect a headlong rush of money into these products in the short term. According to David Duong, CFA, Head of Institutional Research at Coinbase, the impact of spot bitcoin ETF approvals can hardly be measured in the first weeks after the launch as several challenges bar millions of investors from putting money into these products. You might also like: SEC yet to indicate approval timeline, says Grayscale CEO on spot Bitcoin ETFs The first issue is that Bitcoin is a “new asset class,” making it harder to gauge potential flows , Duong says. The second problem lies in the dependency of flows on the trading regime. Given that capital is now more ...

According to CoinShares, outflows from crypto investment funds amounted to $17 million last week, marking the fourth consecutive week of outflows. On Mar. 6, European crypto currency investment firm CoinShares published its “Digital Asset Fund Flows Report,” which revealed that Investors have continued to display negative sentiment toward crypto investment products , with out flows totaling $17 million.  The negative sentiment was primarily focused on Bitcoin (BTC), with outflows for the cryptocurrency totaling $20 million. In contrast, short-Bitcoin products saw inflows for a third week totaling $1.8 million, according to CoinShares data. CoinShares' data showed that "overall volumes across investment products were low at US$844m for the week," with Bitcoin market volumes 15% lower than usual, averaging $57 billion.Additionally, there seems to have been a shift in sentiment regionally, with the U.S. experiencing inflows of $7.6 million while Europe saw outflows of ...