{"id":152290,"date":"2021-01-12T04:11:42","date_gmt":"2021-01-12T01:11:42","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/profit-taking-institutional-crypto-fund-inflows-drop-97-in-three-weeks\/"},"modified":"2021-01-12T04:11:42","modified_gmt":"2021-01-12T01:11:42","slug":"profit-taking-institutional-crypto-fund-inflows-drop-97-in-three-weeks","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/profit-taking-institutional-crypto-fund-inflows-drop-97-in-three-weeks\/","title":{"rendered":"# Profit taking? Institutional crypto fund inflows drop 97% in three weeks"},"content":{"rendered":"

“# Profit taking? Institutional crypto fund inflows drop 97% in three weeks <\/strong>”<\/p>\n

Capital inflows into crypto funds and investment products plummeted during the first week of January after posting new all-time highs in late-December.<\/p>\n

According to crypto fund manager CoinShares\u2019 Jan. 11 Digital Asset Fund Flows report<\/a>, the first week of trading in the new year saw just $29 million flow into institutional crypto products. That’s a greater than 97% decline from the $1.09 billion invested during the week before Christmas. Volumes are likely to have been dampened by traders taking holidays over the new year.<\/p>\n

However the firm also notes that December\u2019s surging inflows have been followed by recent \u201cevidence of potential profit taking,\u201d with multiple crypto investment products recording weekly outflows in early January.\u00a0 <\/p>\n

As of Jan. 8, CoinShares estimated that $34.4 billion in capital was held in crypto investment products \u2014 of which $27.5 billion, or 80%, was in locked BTC funds, while $4.7 billion, or roughly 13.5%, was invested in ETH products. <\/p>\n

The report notes that Bitcoin funds have also produced stronger volumes recentl than during the December 2017 bull run, stating: \u201cWe have seen much greater investor participation this time round with net new assets at US$8.2bn compared to only US$534m in December 2017.”<\/p>\n

Capital flows into digital asset investment products: CoinShares<\/figcaption><\/figure>\n

With sector-wide inflows consistently remaining positive since May 2019, the report asserts that crypto is seeing \u201cincreasing use as a store of value.\u201d CoinShares\u2019 CEO, Jean-Marie Mognetti, recently\u00a0stated<\/a>:<\/p>\n

\u201cThe narrative shift around Bitcoin over the last six months has been profound. Investors used to consider it a risk to allocate to Bitcoin. Now it\u2019s a risk not to allocate to Bitcoin.\u201d<\/p><\/blockquote>\n<\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“# Profit taking? Institutional crypto fund inflows drop 97% in three weeks ” Capital inflows into crypto funds and investment products plummeted during the first week of January after posting new all-time highs in late-December. According to crypto fund manager CoinShares\u2019 Jan. 11 Digital Asset Fund Flows report, the first week of trading in the…<\/p>\n","protected":false},"author":1,"featured_media":152291,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2021-01\/5704e2e8-127c-4fe4-a4b9-723ee5344b6f.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,76377,89142,117],"class_list":["post-152290","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-coinshares","tag-xbt-provider","tag-business"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/152290","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=152290"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/152290\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/152291"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=152290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=152290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=152290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}