CoinShares

Ethereum (ETH) demand is largely driven by the token’s use in on-chain applications and token transfers, according to a report by CoinShares. Ethereum’s Use-Cases Have Increased, But Long-Term Value Is Missing In a recently published detailed report, CoinShares’ Matthew Kimmell noted that despite Ethereum’s potential to host popular applications in the future, investors are struggling to see a significant value proposition in its native ETH token. Since its inception in July 2015, Ethereum has made big strides as it has…

The post CoinShares CEO: ‘If You’re Not Profitable with Bitcoin at $60,000, When Will You Be?’ appeared first on Coinpedia Fintech News Jean-Marie Mognetti, CEO of CoinShares, shared some thoughts on the state of the crypto industry, especially concerning Bitcoin. In an interview with Thinking Crypto, he pointed out that many crypto asset management companies have been funded heavily by venture capital, with a lot of cash being burned without much focus on profitability. He said that if a company…

The post Ethereum ETFs Attract $2.2B inflows: CoinShares appeared first on Coinpedia Fintech News According to the latest CoinShares report, the newly issued spot Ethereum ETFs have pulled up a significant $2.2 billion in inflows alongside a 542% hike in ETH exchange-traded products. The new inflows milestone was tempered by $285 million in overall net outflows from Grayscale’s $1.5 billion Ethereum trust. Alongside ETH developments, Bitcoin also has attracted $3.6 billion in inflows over the past month, contributing to a…

Bitcoin-based crypto investments have witnessed another week of outflow in what was an unpleasant week for Bitcoin and other cryptocurrencies. Bitcoin investors, in particular, were disappointed as they watched the price of the world’s biggest asset decline during the week, temporarily falling below $60,000. According to recent inflow data from CoinShares, this correction also flowed into crypto investment products. Notably, crypto investment products registered $584 million outflows last week to extend outflows to $1.2 billion in two weeks. True Correction…

Recent data from CoinShares points to a significant shift in investor sentiment regarding Bitcoin, marked by a substantial $544.1 million net outflow from US spot Bitcoin ETFs in the last week. According to James Butterfill, a leading analyst at CoinShares, this significant amount of outflow highlights a “true correction is underway” as this trend extends beyond a single week, with a total of over $1.1 billion flowing out in the past two weeks alone. Global Outflows Amidst Economic Uncertainty James…

The post CoinShares Achieves 116% Recovery on FTX Claim appeared first on Coinpedia Fintech News CoinShares International has successfully sold its FTX claim, achieving a net recovery rate of 116% after broker fees. This sale yielded £31.32 million ($39.78 million) on a £26.6 million ($33.78 million) claim. The proceeds will be reinvested into growth opportunities to improve client services. CEO Jean-Marie Mognetti praised the team’s diligence and expertise, which resulted in this favorable outcome. Despite incurring losses from Terra (LUNA)…

The Bitcoin market has witnessed significant shifts recently, influenced by macroeconomic factors and changing investor sentiments. Last week, digital asset investment products saw substantial outflows, which CoinShares attributed to several key economic updates. These included the release of US CPI data, the Federal Open Market Committee (FOMC) meeting, and Producer Price Index (PPI) figures. These events seemed to spark a rapid surge in Bitcoin price, pushing it briefly towards the $70,000 mark before a swift downturn adjusted the valuation back…

After experiencing outflows for four consecutive weeks, US spot Bitcoin exchange-traded funds (ETFs) have marked a notable shift in momentum, witnessing net inflows once again. According to recent data from CoinShares, digital asset investment products have seen inflows totaling $130 million for the first time in five weeks. This change suggests renewed investor interest in crypto-focused investment products, particularly in the United States, where most of these inflows, totaling over $130 million, occurred. A Mixed Bag Of Global Investment Flows…

Digital asset investment products experienced outflows for the fourth consecutive week, amounting to $251 million. The past week marked the first “measurable outflows” from newly issued ETFs in the US, totaling $156 million last week. According to the latest edition of Digital Asset Fund Flows Weekly Report, the average purchase price of these ETFs since their launch is estimated to be $62,200 per bitcoin. As the price dropped 10% below this level, the Singaporean asset manager speculated that it may…