Crypto Investment Products Saw $1.2B of Inflows Last Week, Most in 10 Weeks: CoinShares
Digital asset funds experienced $1.2 billion in net inflows, their highest total since July, driven by expectations of interest-rate cuts.
CoinShares Netted $513.1M Profit in Q2
CoinShares reported a significant increase in profits in Q2, despite a loss on the fair value of digital assets.
CoinShares Exercises Option to Buy Bitcoin ETF Provider Valkyrie to Add U.S. Arm
Crypto asset manager CoinShares exercises option to buy Valkyrie Investments' ETF unit.
CoinShares gains three ETFs including Valkyrie's spot bitcoin ETF.
Crypto Fund Inflows of $293M Bring Yearly Total Above $1B: CoinShares
Cryptocurrency funds have received over $1 billion in net inflows this year, with $293 million coming in just the past week.
Bitcoin funds accounted for the majority of the net inflows last week, while Ether funds also saw a significant increase.
The rally in the crypto market is fueled by optimism about the potential approval of a spot bitcoin ETF and the application for a spot ether ETF by BlackRock.