[ad_1] Este artículo también está disponible en español. The crypto market witnessed a significant milestone last week as investment products recorded roughly $3.13 billion in net inflows globally, primarily driven by US spot Bitcoin exchange-traded funds (ETFs), according to data from CoinShares. This surge highlights growing institutional interest and confidence in the crypto market, with Bitcoin leading the charge. CoinShares reveals that the year-to-date net inflows into crypto funds have reached $37 billion, while total assets under management (AUM) soared to a new high of $153 billion. Related Reading Bitcoin Takes The Lead, Altcoins Show Growth The recent inflows mark…
Author: dfrancis36
[ad_1] Ripple Labs has introduced the first tokenized money market fund on the XRP Ledger (XRPL). The initiative, in partnership with Archax and UK-based asset manager abrdn, signifies a notable advancement in the tokenization of real-world assets (RWA) and the expansion of institutional decentralized finance (DeFi) for the XRP ledger ecosystem. Ripple Enters The RWA Sector Archax, recognized as the first Financial Conduct Authority (FCA) regulated digital asset exchange, broker, and custodian, has facilitated access to abrdn’s £3.8 billion US dollar Liquidity Fund (Lux) in a tokenized format on the XRPL. The tokenized Lux fund aims to optimize operational costs…
[ad_1] Digital assets manager CoinShares says institutional investors dropped over three billion dollars into crypto products last week. In its latest Digital Asset Fund Flows report, CoinShares says that institutional crypto investment products saw a surge in net inflows of $3.13 billion last week, a new inflow record. “Digital asset investment products saw the largest weekly inflows on record, totaling US$3.13bn, bringing total inflows since mid-September, when interest rates were first cut in the US, to US$15.2bn. Year-to-date inflows now stand at a record $37bn, driven primarily by Bitcoin, far outpacing the debut of US Gold ETFs, which attracted just $309…
[ad_1] Este artículo también está disponible en español. On-chain data shows exchanges have continued to receive stablecoin deposits recently, a sign that could be bullish for Bitcoin and other digital assets. Stablecoin Exchange Netflow Has Remained Positive Recently As pointed out by an analyst in a CryptoQuant Quicktake post, stablecoins have been flowing into exchanges recently. The on-chain metric of relevance here is the “Exchange Netflow,” which keeps track of the net amount of a given asset that’s moving into or out of the wallets associated with centralized platforms. When the value of this metric is positive, it means the…
[ad_1] Crypto analyst Master Kenobi has provided a bullish update for the Dogecoin price, predicting that the foremost meme coin can reach as high as $2.8. In his update, the analyst also explained why Dogecoin’s outlook is still bullish. Dogecoin Price To $2.8 And Why It Can Happen In his DOGE update, Master Kenobi shared an accompanying chart that showed that the Dogecoin price could rally to $2.8 in this market cycle. The analyst further explained why Dogecoin’s outlook looks this bullish. First, he alluded to the “zoom-out” perspective, which remains bullish, although the time frame might shift slightly to…
[ad_1] As cryptocurrency continues to develop, as a groundbreaking invention, it has gained more and more international recognition since its birth. As an important way to obtain Bitcoin, cloud mining has become an important pillar industry that cannot be underestimated and has opened up new ways for the crypto industry community to earn rich returns. Cloud mining has quickly become the most sought-after activity in the industry.DDB Miner allows users to mine cryptocurrencies without owning and managing the necessary hardware. It allows users to participate in crypto mining without having the required hardware and energy resources.In 2024, DDB Miner has…
[ad_1] Popular crypto analyst Nicholas Merten says that the time for altcoins to start outpacing Bitcoin (BTC) has arrived. In a new strategy session, Merten shares with his 508,000 DataDash subscribers an OTHERS chart, which depicts the total crypto market cap excluding the top ten coins to gauge altcoin market strength. According to Merten, the chart suggests that the money that’s been added to Bitcoin’s market cap will likely start flowing into altcoins amid a “clear top formation” in Bitcoin dominance (BTC.D), which measures how much of the total crypto market cap belongs to BTC. “The big thing above all…
[ad_1] Este artículo también está disponible en español. Long-term Bitcoin holders are showing signs of growing greed as the price of BTC steadily approaches the $100,000 mark. A crypto analyst has underscored the significance of this market trend, highlighting that a possible Bitcoin market top could be incoming in the next few months. Long-Term Holders Stay Greedy On-chain data from Glassnode reveal that long-term Bitcoin holders are showing a significant level of greed, which continues to intensify as the price of BTC maintains its bullish trajectory. While the flagship cryptocurrency inches closer to the anticipated $100,000 milestone, these long-term holders,…
[ad_1] WisdomTree, a prominent New York-based asset management firm, filed for an XRP exchange-traded fund (ETF) in Delaware on November 25. The filings came amid a surge in XRP price to levels last seen in 2021. Although state-level filings are often preliminary, the move signals bold intent to expand into crypto markets, especially as Ripple’s battle with the SEC reshapes the legal landscape for XRP.Emerging XRP ETF LandscapeWisdomTree’s move makes it one of the few firms, including Bitwise, Canary Capital, and 21Shares, to pursue XRP ETFs in the U.S., Cointelegraph reported. None of these applications have gained SEC approval yet,…
[ad_1] Prominent asset manager and exchange-traded fund issuer Wisdom Tree is reportedly filing for an XRP ETF product. According to Eleanor Terret of Fox News, $100 billion asset manager Wisdom Tree has registered for an XRP ETF in the state of Delaware. “NEW: Global ETF provider WisdomTreeFunds has registered in the state of Delaware for an XRP ETF. I have confirmed with the company this is a legitimate filing. Wisdom Tree has over $100 billion in assets under management.” Source: Eleanor Terret/X Earlier this month, asset manager 21Shares also filed a Form S-1 registration statement with the Securities and Exchange…