{"id":612428,"date":"2024-06-11T08:30:39","date_gmt":"2024-06-11T08:30:39","guid":{"rendered":"https:\/\/www.wncen.com\/?p=612428"},"modified":"2024-07-10T13:35:16","modified_gmt":"2024-07-10T13:35:16","slug":"2-billion-crypto-funds-flow-into-market-on-rate-cut-buzz","status":"publish","type":"post","link":"https:\/\/www.wncen.com\/news\/2-billion-crypto-funds-flow-into-market-on-rate-cut-buzz\/","title":{"rendered":"$2 Billion Crypto Funds Flow Into Market On Rate Cut Buzz"},"content":{"rendered":"<p data-sourcepos=\"5:1-5:167\">As investment money shows a historic spike, the bitcoin market is humming with fresh hope. Leading digital asset management Coin Shares revealed in only one week a record-breaking $2 billion influx into crypto funds, exceeding the nett inflows for May overall.<\/p>\n<p data-sourcepos=\"5:1-5:167\">Now lasting five straight weeks, this favourable trend has driven total assets under management (AUM) in crypto funds back above the sought-after $100 billion threshold, a level not seen in March 2024.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.wncen.com\/news\/solana-searching-for-direction-will-sol-break-free-or-fall-flat\/\" target=\"_blank\" rel=\"noopener \">Solana Searching For Direction: Will SOL Break Free Or Fall Flat?<\/a><\/div>\n<h2 data-sourcepos=\"7:1-7:33\"><strong>Bitcoin ETFs Fueling The Fire<\/strong><\/h2>\n<p data-sourcepos=\"9:1-9:430\">Unquestionably the king of cryptocurrencies, <a href=\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin\" rel=\"nofollow\">Bitcoin<\/a> still attracts most investment attention. The present market mood is mostly driven by recent launch and continuous inflows into US-approved spot Bitcoin ETFs.<\/p>\n<figure id=\"attachment_612452\" aria-describedby=\"caption-attachment-612452\" style=\"width: 510px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-612452 size-full\" src=\"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/06\/A_144d44.png?resize=510%2C402\" alt=\"\" width=\"510\" height=\"402\" srcset=\"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/06\/A_144d44.png?w=510 510w, https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/06\/A_144d44.png?w=460 460w\" sizes=\"(max-width: 510px) 100vw, 510px\"><figcaption id=\"caption-attachment-612452\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/blog.coinshares.com\/volume-186-digital-asset-fund-flows-weekly-report-dc1d43e0e207\" target=\"_blank\" rel=\"noopener nofollow\">CoinShares<\/a><\/figcaption><\/figure>\n<p data-sourcepos=\"9:1-9:430\"><span id=\"input-sentence~2\">Their third-largest inflow day ever, these exchange-traded funds let investors hold Bitcoin without personally holding the digital commodity, seen $890 million come in on June 4th alone.<\/span><span id=\"input-sentence~3\"><br \/>\n<\/span><\/p>\n<p data-sourcepos=\"9:1-9:430\">This passion for <a href=\"https:\/\/www.financemagnates.com\/cryptocurrency\/thailand-approves-first-bitcoin-etf\/\" rel=\"nofollow\">Bitcoin ETFs<\/a> points to a growing demand for controlled and easily available means of engaging in the crypto market, therefore drawing a larger spectrum of investors.<\/p>\n<h2 data-sourcepos=\"11:1-11:49\"><strong>Ethereum Shines Bright, Altcoins Show Promise<\/strong><\/h2>\n<p data-sourcepos=\"13:1-13:452\"><span id=\"input-sentence~3\">Although Bitcoin steals front stage, <a href=\"https:\/\/www.coingecko.com\/en\/coins\/ethereum\" rel=\"nofollow\">Ethereum<\/a>, the second most valuable cryptocurrency, is also running really well.<\/span><span id=\"input-sentence~4\"> Last week, Ethereum funds came in around $70 million, their highest weekly since March 2024.<br \/>\n<\/span><\/p>\n<figure id=\"attachment_612466\" aria-describedby=\"caption-attachment-612466\" style=\"width: 540px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-612466 size-full\" src=\"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/06\/A_288f9b.png?resize=540%2C512\" alt=\"\" width=\"540\" height=\"512\" srcset=\"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/06\/A_288f9b.png?w=540 540w, https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/06\/A_288f9b.png?w=460 460w\" sizes=\"(max-width: 540px) 100vw, 540px\"><figcaption id=\"caption-attachment-612466\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/blog.coinshares.com\/volume-186-digital-asset-fund-flows-weekly-report-dc1d43e0e207\" target=\"_blank\" rel=\"noopener nofollow\">CoinShares<\/a><\/figcaption><\/figure>\n<p><span id=\"input-sentence~4\">Coin Shares ascribes this good influx to investor expectation about the forthcoming US launch of spot Ethereum ETFs. Approval of these ETFs could provide major<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-06-10\/ether-investment-products-see-largest-weekly-inflows-since-march-coinshares\" rel=\"nofollow\"> investment possibilities<\/a> and help to further validate the Ethereum ecosystem.<\/span><span id=\"input-sentence~5\"><br \/>\n<\/span><\/p>\n<p>&nbsp;<\/p>\n<p data-sourcepos=\"15:1-15:286\"><span id=\"input-sentence~5\">With inflows of $1.4 million and $1.2 million respectively, altcoins including Fantom and XRP are also seeing a comeback in investor interest outside of the top two coins. This more general market involvement points to a possible comeback of investor confidence all throughout the crypto scene.<\/span><span id=\"input-sentence~6\"><br \/>\n<\/span><\/p>\n<p>Along with a consistent decline in outflows from incumbents, CoinShares noted that inflows were rather common across almost all providers.<\/p>\n<p><span id=\"input-sentence~6\">They blame weaker-than-expected macroeconomic data in the US for this change in attitude since it raises expectations for a future monetary policy rate reduction.<\/span><span id=\"input-sentence~7\"><br \/>\n<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" style=\"font-weight: 600;text-align: center\" src=\"https:\/\/www.tradingview.com\/x\/a99QbTAr\/\" alt=\"\" width=\"2475\" height=\"1163\"><\/p>\n<p>Total crypto market cap at $2.4 trillion on the daily chart: <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/p>\n<h3 class=\"\" data-sourcepos=\"17:1-17:64\"><strong>Crypto Price Stagnation, Economic Uncertainty<\/strong><\/h3>\n<p data-sourcepos=\"19:1-19:232\"><span id=\"input-sentence~7\">Though investment inflows have surged, the price of cryptocurrencies has not shown a commensurate appreciative change. There are various reasons for this discrepancy, including residual investor doubt about the course of US economic policies going forward.<\/span><span id=\"input-sentence~8\"><br \/>\n<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.wncen.com\/news\/bitcoin-buoyed-by-big-money-whales-gobble-up-more-signaling-bullish-outlook\/\" target=\"_blank\" rel=\"noopener \">Bitcoin Buoyed By Big Money: Whales Gobble More BTC, Signaling Bullish Outlook<\/a><\/div>\n<p data-sourcepos=\"23:1-23:578\">The present trend of record inflows into crypto funds presents a good future image for the market. The rising popularity of controlled investment vehicles such as spot Bitcoin ETFs points to institutional acceptability and maybe more broad investor adoption.<\/p>\n<p data-sourcepos=\"23:1-23:578\"><em>Featured image from Vecteezy, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As investment money shows a historic spike, the bitcoin market is humming with fresh hope. Leading digital asset management Coin Shares revealed in only one week a record-breaking $2 billion influx into crypto funds, exceeding the nett inflows for May overall. Now lasting five straight weeks, this favourable trend has driven total assets under management (AUM) in crypto funds back above the sought-after $100 billion threshold, a level not seen in March 2024. Related Reading: Solana Searching For Direction: Will SOL Break Free Or Fall Flat? Bitcoin ETFs Fueling The Fire Unquestionably the king of cryptocurrencies, Bitcoin still attracts most investment attention. The present market mood is mostly driven by recent launch and continuous inflows into US-approved spot Bitcoin ETFs. Their third-largest inflow day ever, these exchange-traded funds let investors hold Bitcoin without personally holding the digital commodity, seen $890 million come in on June 4th alone. This passion for Bitcoin ETFs points to a growing demand for controlled and easily available means of engaging in the crypto market, therefore drawing a larger spectrum of investors. Ethereum Shines Bright, Altcoins Show Promise Although Bitcoin steals front stage, Ethereum, the second most valuable cryptocurrency, is also running really well. Last week, Ethereum funds came in around $70 million, their highest weekly since March 2024. Coin Shares ascribes this good influx to investor expectation about the forthcoming US launch of spot Ethereum ETFs. Approval of these ETFs could provide major investment possibilities and help to further validate the Ethereum ecosystem. &nbsp; With inflows of $1.4 million and $1.2 million respectively, altcoins including Fantom and XRP are also seeing a comeback in investor interest outside of the top two coins. This more general market involvement points to a possible comeback of investor confidence all throughout the crypto scene. Along with a consistent decline in outflows from incumbents, CoinShares noted that inflows were rather common across almost all providers. They blame weaker-than-expected macroeconomic data in the US for this change in attitude since it raises expectations for a future monetary policy rate reduction. Total crypto market cap at $2.4 trillion on the daily chart: TradingView.com Crypto Price Stagnation, Economic Uncertainty Though investment inflows have surged, the price of cryptocurrencies has not shown a commensurate appreciative change. There are various reasons for this discrepancy, including residual investor doubt about the course of US economic policies going forward. Related Reading: Bitcoin Buoyed By Big Money: Whales Gobble More BTC, Signaling Bullish Outlook The present trend of record inflows into crypto funds presents a good future image for the market. The rising popularity of controlled investment vehicles such as spot Bitcoin ETFs points to institutional acceptability and maybe more broad investor adoption. Featured image from Vecteezy, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":614821,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,428,1144,15122,1946,8686],"class_list":["post-612428","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-bitcoin","tag-btcusd","tag-crypto-funds","tag-ethereum","tag-ethusd"],"acf":[],"yoast_head":"\n<title>$2 Billion Crypto Funds Flow Into Market On Rate Cut Buzz<\/title>\n<meta name=\"description\" content=\"As investment money shows a historic spike, the bitcoin market is humming with fresh hope. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/www.wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"$2 Billion Crypto Funds Flow Into Market On Rate Cut Buzz","url":"http:\/\/www.wncen.com\/news\/2-billion-crypto-funds-flow-into-market-on-rate-cut-buzz\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.wncen.com\/news\/2-billion-crypto-funds-flow-into-market-on-rate-cut-buzz\/"},"thumbnailUrl":"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/06\/a_0bd2c4.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/06\/a_0bd2c4.jpg?fit=2940%2C1960"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/www.wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoins","bitcoin","btcusd","crypto funds","ethereum","ethusd"],"dateCreated":"2024-06-11T08:30:39Z","datePublished":"2024-06-11T08:30:39Z","dateModified":"2024-07-10T13:35:16Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"$2 Billion Crypto Funds Flow Into Market On Rate Cut Buzz\",\"url\":\"http:\\\/\\\/www.wncen.com\\\/news\\\/2-billion-crypto-funds-flow-into-market-on-rate-cut-buzz\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.wncen.com\\\/news\\\/2-billion-crypto-funds-flow-into-market-on-rate-cut-buzz\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/www.wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/a_0bd2c4.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/a_0bd2c4.jpg?fit=2940%2C1960\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/www.wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoins\",\"bitcoin\",\"btcusd\",\"crypto funds\",\"ethereum\",\"ethusd\"],\"dateCreated\":\"2024-06-11T08:30:39Z\",\"datePublished\":\"2024-06-11T08:30:39Z\",\"dateModified\":\"2024-07-10T13:35:16Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/06\/a_0bd2c4.jpg?fit=2940%2C1960","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/posts\/612428"}],"collection":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/comments?post=612428"}],"version-history":[{"count":0,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/posts\/612428\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/media\/614821"}],"wp:attachment":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/media?parent=612428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/categories?post=612428"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/tags?post=612428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}