CoinShares

Solana has seen a significant uptick in adoption per a recent survey. Bitcoin is generally the most embraced cryptocurrency among investors. A recent report from CoinShares reveals a rising appeal on the Solana (SOL) blockchain amid increased allocation from institutional investors. The report highlighting the growing optimism surrounding Solana is based on a survey of 64 investors collectively managing assets worth $600 billion, according to James Butterfill, Head of Research at CoinShares. Investors Turn to Solana According to the details,…

In the wake of the latest Bitcoin halving event, a significant shift in the cryptocurrency mining landscape is emerging, according to a recent report by CoinShares. As the halving reduces the rate of Bitcoin supply growth by 50%, miners are confronted with soaring operational costs, prompting some to consider alternative revenue streams such as artificial intelligence (AI). Post-Halving Spike: Bitcoin Mining Costs to Reach $53,000 The report highlights a nearly doubling of mining costs, projecting that the average cash cost…

With the broader market resurgence, digital assets investment products also maintained their upward trend. According to CoinShares’ latest data, inflows reached $646 million last week. As a result, year-to-date inflows have reached an all-time high of $13.8 billion, significantly surpassing the $10.6 billion recorded in 2021. ETF Hype Slows Down The new feat comes after digital asset investments rebounded strongly at the end of March. With the market gearing up for the much-anticipated BTC halving this month, investor sentiment has…

Investment products in digital assets witnessed a significant weekly outflow of $942 million, breaking the continuous seven-week streak of inflows reaching $12.3 billion. According to the CoinShares, this shift can be attributed to investor hesitation. Hesitant Investors Cause US ETF Inflows Dip The latest edition of Digital Asset Fund Flows Weekly Report revealed that the trading volumes in Exchange-Traded Products (ETPs) remained high and reached $28 billion for the week. The figures, however, were two-thirds lower than the previous week’s…

Grayscale has announced that it is possibly venturing into 13 cryptocurrencies. Some of the cryptocurrencies are Curve, Polygon, Ren, Solana, Ox, among others. In February, Grayscale announced that it was looking into 23 offerings. The list featured DeFi tokens like Polkadot, Aave, and MakerDAO. Grayscale Venturing More into DeFi Worldwide, Grayscale has emerged as the top digital asset manager that has over $34 billion in assets as of last week. In addition, the company administers trust funds and offers shares…