Franklin Templeton expands blockchain fund to Avalanche network

Franklin Templeton has expanded its pioneering blockchain-integrated money market fund to Avalanche, broadening institutional investor access to digital finance.

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Lido launches institutional-grade liquidity staking solution

The biggest ETH liquid staking protocol has enhanced its offering for large investors, many of whom are already its customers.

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Bitcoins bull rally will continue another 350 days: Bybit

Bitcoin's 2024 bull run was mainly driven by institutional inflows, which could be the key to unlocking the next leg up.

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Bitcoin price drops below $59K as institutions stop buying stablecoins

The Bitcoin price last saw its local bottom before Tether minted $1.3 billion worth of stablecoins, which helped BTC recover over 21%.

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Spot Bitcoin ETFs see record inflows after July 4 dip

The Bitcoin price correction provided a strong opportunity for ETF investors to buy the dip.

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bitFlyer acquires FTX Japan, plans to launch crypto ETFs

The acquisition could be another step toward the first spot crypto ETF launching in Japanese markets.

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Direct client demand driving growth in BlackRock's Bitcoin ETF so far

BlackRock head of digital assets Robert Mitchnick talked ETFs with Bloombergs James Seyffart at Bitcoin 2024.

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Nansen launches industry-first Ether ETF analytics dashboard

The new Ether ETFs could also increase institutional investor participation, according to a Nansen analyst.

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Bullish Return: Institutional Investors Pour $1.44 Billion Into Crypto In One Week

Crypto investment products have experienced another week of inflows to build upon inflows witnessed in the prior week. According to data from CoinShares, digital asset investment products recorded $1.44 billion worth of inflows last week, which is a further indication of the return of bullish momentum into the crypto industry. This brings the total inflow to $1.881 billion over a two-week period after three consecutive weeks of outflows. With last weeks numbers, the total value of inflows into crypto investment funds this year now stands at a record $17.8 billion. Bullish Return Among Institutional Crypto Investors The latest data shows that crypto investment products are starting to reflect the overall change in market sentiment. As noted by CoinShares’ latest weekly report, this change into bullish sentiment has allowed digital investment products to further surpass the $10.6 billion inflow received during the 2021 bull market.  Related Reading: JPMorgan Says Crypto Liquidations Will End And Bitcoin Bull Market Will Begin, Heres When Last week’s inflows amounted to $1.44 billion, which is the 5th largest weekly inflow on record. Unsurprisingly, Bitcoin received the lion’s share of the investments. As the world’s first and largest crypto asset, Bitcoin has always been the centre of attraction among other cryptocurrencies. The cryptocurrency has also been in the spotlight for the past few months since the launch of Spot Bitcoin ETFs. A return of bullish momentum allowed Bitcoin to receive $1.35 billion last week, which is also the fifth-largest weekly inflow on record for Bitcoin. Notably, this inflow came amidst concerns about selling pressure sparked by a selloff of over 45,000 BTC by the German State of Saxony.  On the other hand, short-Bitcoin products witnessed $8.6 million worth of outflows. Short-Bitcoin products are for investors who anticipate a decline in the price of Bitcoin. With this in mind, it can be deduced that the withdrawal of short positions is a manifestation of a diminishing bearish outlook among institutional investors.  Ethereum led the altcoin market with a net inflow of $72 million, allowing it to reverse its total net inflow this year from a negative $15 million at the beginning of the week to $57 million at the end of the week. Solana exchange-traded products followed suit with a $4.4 million net inflow, a 270% reduction from $16.3 million in the prior week. At the time of writing, Solana’s total inflow this year stands at $62 million.  Litecoin, XRP, and Cardano witnessed inflows of $1.2 million, $1.0 million, and $1.2 million, respectively. Multi-asset investment products also recorded $17.2 million in inflows. Related Reading: Crypto Analyst Says Ethereum Price Is Headed To $4,000, Heres Why ETPs are still one of the best ways for institutional investors to get exposure to cryptocurrencies like Bitcoin and Ethereum. Their use has been on the rise since the beginning of the year, especially in North America. In terms of geographical location, the United States had the most inflows with $1.274 billion, Switzerland with $57.5 million, Hong Kong with $54.6 million, and Canada with $23.2 million, among others.  According to CoinShares, the total assets under management (AuM) are now at $84.713 billion. Featured image created with Dall.E, chart from Tradingview.com

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54% of institutional investors in Japan plan to invest in crypto: Survey

54% of Japanese institutional investors plan to invest in crypto over the next three years, citing portfolio diversification and high return potential as key drivers.

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Ether ETFs Lack of Staking Wont Dampen Strong Institutional Demand, 21Shares Ophelia Snyder Says

“For example, there could be months when the unstaking period is six or nine days, and that range can be so wide, it changes your liquidity requirements,” Snyder said. “And it doesn’t just jump from nine to 22 days. It actually slowly extends and if you monitor these things, there are data inputs that you [...]

The post Ether ETF’s Lack of Staking Won’t Dampen Strong Institutional Demand, 21Shares’ Ophelia Snyder Says appeared first on Crypto Breaking News.

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Crypto VC funding tops $1B for second consecutive month

Crypto venture fundraising reached $1.02 billion in April, compared to $10.9 billion in March. RootData’s website shows total funding rounds by VCs hit 161 in April, slightly down from 186 the previous month. Venture capital funding across the cryptocurrency space surpassed the $1 billion mark in April, a feat that means the industry has now […]

The post Crypto VC funding tops $1B for second consecutive month appeared first on CoinJournal.

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Bitcoin and Ethereum ETPs debut on London Stock Exchange after FCA nod

The ETPs will only be available to professional and institutional investors due to the ban on retail customers trading crypto derivatives.

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Hong Kong Bitcoin ETFs not enough to absorb US ETF selling pressure

Despite the excitement around the Hong Kong ETF debut, the inflows are only a fraction of the outflows from U.S. ETFs. Could the Bitcoin price revisit the $50,000 mark next?

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Over 600 firms reveal billions in combined investment in Bitcoin ETFs

Millennium Management is the largest Bitcoin ETF investor with a $1.9 billion investment.

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Tim Draper leads $3.5 million raise for Bitcoin liquidity protocol Zest

Tim Draper’s VC firm Draper Associates led the $3.5 million seed round for Zest Protocol. Binance Labs, Trust Machines and Bitcoin Frontier Fund among key participants. Billionaire Tim Draper has led a $3.5 million seed round investment in the on-chain Bitcoin lending platform Zest Protocol. Other than the billionaire’s venture capital firm Draper Associates, the […]

The post Tim Draper leads $3.5 million raise for Bitcoin liquidity protocol Zest appeared first on CoinJournal.

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Crypto Funds Mark 3rd Consecutive Weeks Of Outflows With $435 Million In Withdrawals

Crypto investment products are now going through rough times, as shown by inflow and outflow data. The crypto market is known for its volatile market cycles of ups and downs. Investment products are now struggling, and confidence in the space seems shaken. Crypto funds have now seen outflows for three straight weeks, with investors pulling $435 million from digital asset funds last week, according to CoinShares data. The recent stretch of outflows highlights the souring investor sentiment around some digital assets after a bull run earlier this year. The Third Consecutive Week Of Crypto Withdrawals CoinShares recent weekly report on digital asset fund flows has revealed the current sentiment among institutional investors. According to the report, investment funds witnessed $435 million in outflows last week to mark the biggest outflow since March. This comes on top of the $206 million and $126 million pulled out in the previous two weeks. Unsurprisingly, the majority of outflows came from Bitcoin funds. Of the total $435 million outflows, $423 million came from Bitcoin funds. Notably, a bulk of Bitcoin’s outflows ($328 million) came from Spot Bitcoin exchange-traded funds (ETFs) in the US. A look into previous crypto fund flow data since the beginning of the year shows that the majority of the inflows recorded in January, February, and March can be attributed to the Spot Bitcoin ETFs. These ETFs recorded so much inflow of funds that investment products were able to record their best year on record in less than three months.  However, inflows into these ETFs have declined in the past few weeks, and the largest digital asset is now failing to attract inflows amidst interest rate stagnation in the US market. Grayscale’s GBTC, in particular, continued its run of withdrawals, recording $440 million in outflows. At the same time, the other ETFs failed to attract inflows during the week in order to offset these withdrawals. BlackRock’s IBIT, for instance, failed to register inflows for three days straight last week, bringing its 71-day run of inflows to an end.  Ethereum, the altcoin king, also witnessed $38.4 million in outflows last week to offset inflows into other altcoins. Inflow data shows investors pouring $6.9 million worth of inflows into multi-coin investment products. Solana, Litecoin, XRP, Cardano, and Polkadot witnessed $4.1 million, $3.1 million, $0.4 million, $0.4 million, and $0.5 million in inflows, respectively. Short Bitcoin products also witnessed $1.3 million in inflows, showcasing a glimpse into investors’ sentiment. Whats Next? Investor sentiment can shift quickly in the fast-moving crypto space and the coming weeks may provide more clarity on the direction of crypto fund flows. Six Spot Bitcoin and Ether exchange-traded funds (ETFs) are set to launch in Hong Kong today April 30. Their entry into the Asian market has been long anticipated and is expected to surpass the first-day inflow record set by their counterparts in the US. Total market cap drops amid outflows | Crypto total market cap from Tradingview.com Featured image from StormGain, chart from Tradingview.com

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TD Cowen shutters digital assets unit

TD Cowen (formerly Cowen Inc.), an investment bank, announced the closure of its digital asset unit on May 31, Bloomberg reported. Cowen’s services include investment banking, research, sales, and trading. Its digital asset unit, launched in 2022, was an ambitious move to include 16 digital assets — including Bitcoin, Ethereum, and Solana — among the […]

The post TD Cowen shutters digital assets unit appeared first on CryptoSlate.

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Binance Survey: Institutional Investors Bullish on Crypto's Long-Term Prospects

Binance Research, in collaboration with Binance VIP & Institutional, has recently unveiled the results of their Institutional Crypto Outlook Survey. The study reveals a strong positive sentiment towards cryptocurrencies among institutional investors, with 63.5% expressing optimism for the next year and a striking 88% displaying a positive outlook for the next decade. (Read More)

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Binance Survey Says 88% Of Institutional Users Have a Positive Outlook For Crypto Assets

Institutional investors are paying more attention to cryptocurrencies and digital assets. According to a recent survey report by Binance Research and Binance VIP & Institutional, 88% of institutional users have a long-term, optimistic outlook on crypto for the next decade. The crypto market is known for its high volatility, but the majority of big-money players see crypto as an important part of their portfolio for years to come. Institutional Interest In Crypto Assets Is Growing The Institutional Crypto Outlook Survey, which surveyed 208 Binance VIP and Institutional users from 31st March to 15th May 2023, found out that a growing number of institutional crypto investors are in it for the long haul. According to the survey, 63.5% of these users had a positive outlook on digital assets over the next 12 months, while 88% are more positive over the next decade. Related Reading: Ethereum Continues Uptrend As Staked ETH Soars To New High Of the respondents, 50% expect to increase their crypto asset exposure over the next five years. Only 4.3% said they plan to decrease exposure. That signals a lot of confidence and optimism about the future growth and mainstream adoption of cryptocurrencies. Bitcoin remains Most Popular Crypto Asset Among Institutions Bitcoin remains the most popular choice among institutional investors, with a larger proportion of respondents more positive about Bitcoin as compared to the broader crypto sector. This is not surprising given that Bitcoin is the largest crypto by market cap and the most established. Bitcoin is seen as the “digital gold” of the crypto world and a store of value and hedge against inflation. BTC crosses $31,000 as institutional interest grows | Source: BTCUSD on TradingView.com 42.8% of investors are more interested in the potential for large investment returns. However, 37.5% are more motivated by the long-term exposure to the technology behind digital assets, with 48.1% and 43.8% of respondents investing in Layer 1 and Layer 2 technologies respectively. Institutional Trade Still Mostly Done On Centralized Exchanges Centralized exchanges remain the most popular platform for institutional trading. While many crypto investors advocate for decentralized exchanges on the rise, centralized exchanges like Binance offer a one-stop shop for institutional traders to easily buy, sell and convert a wide range of cryptocurrencies. The survey found that 90.5% of institutional investors would rather trade on centralized exchanges. Related Reading: Whales Dive Into XRP, Accumulating $170 Million Worth: What’s Their Game Plan? While some institutional investors remain skeptical about cryptocurrency, it’s clear that mainstream interest in this asset class is building steadily. If institutional adoption continues to rise, it’s likely to drive broader mainstream acceptance of cryptocurrencies in financial institutions like banks. Featured image from Unsplash, chart from TradingView.com

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