{"id":159323,"date":"2021-01-21T04:43:31","date_gmt":"2021-01-21T01:43:31","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/some-institutional-investors-taking-profit-as-bitcoin-retraces\/"},"modified":"2021-01-21T04:43:31","modified_gmt":"2021-01-21T01:43:31","slug":"some-institutional-investors-taking-profit-as-bitcoin-retraces","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/some-institutional-investors-taking-profit-as-bitcoin-retraces\/","title":{"rendered":"# Some institutional investors taking profit as Bitcoin retraces"},"content":{"rendered":"

“# Some institutional investors taking profit as Bitcoin retraces <\/strong>”
\n<\/p>\n

A new report from crypto fund provider CoinShares has indicated that some institutional investors have been realizing profits during BTC\u2019s recent consolidation.<\/p>\n

CoinShares\u2019 weekly digital asset flows report identifies $85 million in outflows from institutional crypto products this past week, asserting the data suggests \u201csome investors are continuing to take profits after [BTC\u2019s] strong price app<\/a>reciation.\u201d<\/p>\n

The report noted the rising (trade-weighted) U.S. dollar, stating the USD index \u201cis typically inversely correlated to Bitcoin prices,\u201d and could explain why some investors are taking profits at the current levels.<\/p>\n

The firm also identified modest outflows from Ethereum-derived investment products, with $3 million leaving the markets. <\/p>\n

Despite the profit-taking, institutional inflows remain strong, with $359 million flooded into crypto investment products this week. Institutions still appear almost single-mindedly focused on BTC, with Bitcoin products representing all but 1% of the week\u2019s total capital flows.<\/p>\n

CoinShares notes that crypto inflows have returned to their pre-Christmas levels, following the 97% drop over three weeks seen after the holiday break. Daily volumes are currently up more than 450% year-over-year. <\/p>\n

Institutional products currently represent 6% of combined Bitcoin volume \u2014 down from 14% at the start of the month.<\/p>\n

Much has been lately of the growing institutional appetites for crypto, with major global companies recently filling their treasuries with BTC.<\/p>\n

After hosting more than 11 million BTC worth of futures trade in 2020, Chicago Mercantile Exchange announced last month that it plans to launch cash-settled Ethereum futures contracts in early February, pending regulatory approval.<\/p>\n

On Jan. 20, Ninepoint Partners<\/a> filed its final prospectus for a Bitcoin Trust conditionally approved by the Toronto Stock Exchange.\n<\/div>\n

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

“# Some institutional investors taking profit as Bitcoin retraces ” A new report from crypto fund provider CoinShares has indicated that some institutional investors have been realizing profits during BTC\u2019s recent consolidation. CoinShares\u2019 weekly digital asset flows report identifies $85 million in outflows from institutional crypto products this past week, asserting the data suggests \u201csome…<\/p>\n","protected":false},"author":1,"featured_media":159324,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDEvMDUxNjlkMGQtNzQ2Mi00NjgwLTk4ODktNTI4ZjNjZDk2MjFmLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,76377,74860,117,73711],"class_list":["post-159323","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-coinshares","tag-cryptocurrency-exchange","tag-business","tag-investments"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/159323","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=159323"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/159323\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/159324"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=159323"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=159323"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=159323"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}