Crypto products record 10th consecutive week of inflows at $3.2B

December 16, 2024 Coin Telegraph

Crypto products record 10th consecutive week of inflows at .2B

bitcoin etf

Crypto ETPs have recorded $20.3 billion of inflows during the past 10 weeks, accounting for 45% of all inflows in 2024.

Cryptocurrency investors have not halted their purchasing spree as Bitcoin set new highs and crypto investment products hit their 10th consecutive week of inflows.

Digital asset investment products saw another $3.2 billion of inflows in the trading week of Dec. 9–13, crypto investment firm CoinShares reported in its latest weekly flows report on Monday, Dec. 16.

This follows a record $3.85 billion in weekly inflows during the previous period, bringing total inflows for 2024 to $44.5 billion.

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Ethereum Sees ‘Dramatic’ Shift in Institutional Sentiment Amid New Yearly Record in Product Inflows: CoinShares

December 2, 2024 The Daily Hodl

Bitcoin

Digital assets manager CoinShares says institutional investors have now allocated nearly $40 billion to crypto products this year. In its latest Digital Asset Fund Flows report, CoinShares says that institutional crypto investment products saw a surge in net inflows that brought yearly flows to $37.3 billion last week, a new record. “Digital asset investment products […]

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Hong Kong Plans To Exempt Hedge Funds, Private Equity Firms and the Super Rich From Paying Crypto Taxes: Report

November 29, 2024 The Daily Hodl

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Hong Kong is reportedly eyeing new tax policies that can help in its push to become a top finance and cryptocurrency hub. Citing a 20-page proposal that was circulated this week, The Financial Times reports that China’s special administrative region (SAR) plans to exempt private equity funds, hedge funds and the investment vehicles of the […]

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UK-based pension scheme makes 3% Bitcoin allocation

November 4, 2024 Coin Telegraph

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Cartwright reported that an “unnamed scheme” based in the UK had made a 3% allocation of Bitcoin into its pension fund.

United Kingdom-based pension specialist Cartwright reported that an “unnamed scheme” had made a 3% allocation of Bitcoin into its pension fund.

According to a Nov. 4 notice, Cartwright reported that “after a rigorous training and due diligence process,” a UK pension scheme had chosen to make the Bitcoin (BTC) allocation, citing its “long investment time horizon.”

The firm’s head of investment implementation, Steve Robinson, said the crypto investment would help “reduce reliance on employer contribution.”

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Crypto Twitter: A dangerous source for financial advice?

November 4, 2024 Coin Telegraph

Coin Telegraph

In its latest video, Cointelegraph explains the hidden dangers of seeking financial advice on X and highlights how influencer manipulation has cost investors millions in the crypto market.

In the latest Cointelegraph video, we dive into the hidden dangers of seeking financial advice on X, formerly known as Twitter. While the platform serves as the heart of the crypto community, it also hosts rampant market manipulation and scams.

Through interviews with top crypto influencers and industry experts, the video examines how some high-profile accounts use their reach to influence prices in “pump-and-dump” schemes.

These influencers hype certain tokens, driving up prices to sell at a peak, often leaving regular investors holding near-worthless assets.

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Michigan pension fund maintains Bitcoin ETF investment, adds Ether ETFs

November 4, 2024 Coin Telegraph

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The value of the ARK 21Shares Bitcoin ETF shares held by the state’s pension fund increased by roughly $1 million since being reported.

The State of Michigan Retirement System has added exposure to Ether exchange-traded funds (ETFs), according to a United States Securities and Exchange Commission (SEC) filing.

In a Nov. 4 SEC filing, Michigan’s state pension fund disclosed holding 460,000 shares of the Grayscale Ethereum Trust and 460,000 shares of the asset manager’s Ethereum Mini Trust. The investment, reporting for Sept. 30, added to the fund’s previously disclosed exposure to the ARK 21Shares Bitcoin ETF.

At the time of publication, the total value of the Bitcoin (BTC) and Ether (ETH) investments was roughly $18 million if Michigan maintained its holdings. The value of the 110,000 shares of the ARK 21Shares Bitcoin ETF held by the pension fund increased by roughly $1 million since being reported on June 30.

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7 favorite words and phrases used by crypto shillers

November 3, 2024 Coin Telegraph

Coin Telegraph

What crypto shillers say and what they mean aren’t always the same thing.

Crypto X, Telegram and Reddit are crawling with crypto shillers, promising huge returns and outsized gains.

For the uninitiated, what the shiller means is not always clear and transparent. For that reason, Cointelegraph has put together a simple guide of some of the most common terms in the crypto industry.

Here we cover some of the favorite phrases of the crypto shiller, demystifying their cryptic turns of phrase into language anyone can understand.

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Florida Owns $800,000,000 in Crypto Investments and Wants To Accumulate More, Says State CFO

November 1, 2024 The Daily Hodl

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The government of Florida already owns $800 million worth of crypto-related investments and could soon hold more, according to Jimmy Patronis, the state’s chief financial officer (CFO). Patronis says in a new interview with CNBC that he “would not be shocked” to see that number grow if former President Donald Trump wins the presidential election […]

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Institutional investments in Solana blockchain DApps up 54% in Q3

November 1, 2024 Coin Telegraph

Coin Telegraph

Institutional investments in Solana-based applications surged to $173 million in Q3 2024, marking a significant increase, according to a Messari report.

Update Nov. 1, 2:29 pm UTC: This article has been updated to include quotes from Messari Protocol Services.

Institutional investments in Solana-native blockchain applications have seen a resurgence in the third quarter of 2024.

During the third quarter, 29 Solana-based decentralized applications (DApps) raised a cumulative $173 million, marking a more than 54% increase compared to the previous quarter.

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Thailand crypto market is shifting away from retail: Binance Thailand CEO

October 25, 2024 Coin Telegraph

Binance TH

Thailand is shifting focus to a more mature institutional-focused crypto market, according to the chief executive of Binance Thailand.

Thailand’s digital assets market is undergoing a transition from retail to institutional as the country aims to become Southeast Asia’s fintech hub, the CEO of Binance Thailand said.

A recent regulatory move by Thailand’s Securities and Exchange Commission is a “vital step in the maturation of Thailand’s cryptocurrency landscape,” Binance Thailand CEO Nirun Fuwattananukul wrote in an opinion piece for the Bangkok Post on Oct. 25.

On Oct. 9, the Thai securities regulator proposed rules that would allow institutional-grade mutual and private funds to invest in crypto products such as United States-based spot crypto exchange-traded funds (ETFs).

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