{"id":548868,"date":"2023-02-07T15:14:54","date_gmt":"2023-02-07T12:14:54","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-takes-lions-share-as-institutional-inflows-hit-7-month-high\/"},"modified":"2023-02-07T15:14:54","modified_gmt":"2023-02-07T12:14:54","slug":"bitcoin-takes-lions-share-as-institutional-inflows-hit-7-month-high","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-takes-lions-share-as-institutional-inflows-hit-7-month-high\/","title":{"rendered":"# Bitcoin takes &#8216;lion&#8217;s share&#8217; as institutional inflows hit 7-month high"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3bbf26dc239\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3bbf26dc239\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-takes-lions-share-as-institutional-inflows-hit-7-month-high\/#%E2%80%9D_Bitcoin_takes_%E2%80%98lions_share_as_institutional_inflows_hit_7-month_high_%E2%80%9C\" >&#8221; Bitcoin takes &#8216;lion&#8217;s share&#8217; as institutional inflows hit 7-month high &#8220;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-takes-lions-share-as-institutional-inflows-hit-7-month-high\/#Institutions_%E2%80%9Cnot_sold%E2%80%9D_on_post-merge_Ethereum\" >Institutions &#8220;not sold&#8221; on post-merge Ethereum<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-takes-lions-share-as-institutional-inflows-hit-7-month-high\/#GBTC_sinks_towards_new_record_discount\" >GBTC sinks towards new record discount<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Bitcoin_takes_%E2%80%98lions_share_as_institutional_inflows_hit_7-month_high_%E2%80%9C\"><\/span>&#8221; Bitcoin takes &#8216;lion&#8217;s share&#8217; as institutional inflows hit 7-month high &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-4bbf85c5>Bitcoin (BTC) rebounding 40% in January sparked the largest inflows of institutional cash since June 2022, data shows.<\/p>\n<p>In its &#8220;<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/a.storyblok.com\/f\/155294\/x\/3cbf385a56\/digital-asset-fund-flows-weekly-30-01-23-pdf.pdf\">Digital Asset Fund Flows&#8221; Weekly<\/a>&#8221; report on Jan. 30, digital asset investment and trading group CoinShares confirmed $117 million headed into crypto in the last week of the month.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Institutions_%E2%80%9Cnot_sold%E2%80%9D_on_post-merge_Ethereum\"><\/span>Institutions &#8220;not sold&#8221; on post-merge Ethereum<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Bitcoin is still on the radar as an institutional investment opportunity.<\/p>\n<p>As demonstrated by CoinShares\u2019 latest data, it took a matter of weeks of BTC price action recouping prior losses to spark a major turnaround in investment habits \u2014 and not just in the United States.<\/p>\n<p>\u201cLast week&#8217;s US bears seem to have changed their mind with US$117m inflows, including US$26m from the United States,\u201d CoinShares wrote in a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CoinSharesCo\/status\/1620044195862913024\">Twitter thread<\/a> accompanying the report. <\/p>\n<blockquote><p>\u201cThis is 3x the amount from last week. Total AuM had risen to US$28bn, up 43% from their November 2022 lows.\u201d<\/p><\/blockquote>\n<p>Germany was the surprise leader, responsible for 40% of the week\u2019s tally, followed by Canada.<\/p>\n<p>Despite altcoins rallying in line with Bitcoin, however, institutions <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ear mainly interested in BTC when it comes to cash.<\/p>\n<p>In the words of CoinShares, \u201cthe focus was almost entirely on Bitcoin,\u201d a fact not lost on market participants eyeing a potential shift in preferences away from the Ethereum-centric DeFi arena.<\/p>\n<p>\u201cThis is evidence that institutional money isn&#8217;t sold on the Ethereum thesis,\u201d popular <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> account Pillage Capital <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/PillageCapital\/status\/1622627299731415045\">argued<\/a>.<\/p>\n<p>The numbers likewise belied testing times for certain altcoins, with CoinShares singling out Bitcoin Cash (BCH), Stellar (XLM) and Uniswap (UNI). Solana (SOL), Cardano (ADA) and Polygon (MATIC) nonetheless saw net inflows.<\/p>\n<p>\u201cMulti-asset investment products saw outflows for the 9th consecutive week totaling US$6.4m, suggesting investors are preferring select investments,\u201d it commented. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/a95cfaeb-a105-4a3d-ab89-11a935f525ab.png\"><figcaption style=\"text-align: center;\"><em>Weekly Crypto Asset Flows chart. Source: CoinShares\/ Twitter<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"GBTC_sinks_towards_new_record_discount\"><\/span>GBTC sinks towards new record discount<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>After staging a marked comeback of it own, meanwhile, the largest Bitcoin institutional investment vehicle seems to be running out of steam once more.<\/p>\n<p><strong><em>Related:\u00a0Bitcoin sees golden cross which last hit 2 months before all-time high<\/em><\/strong><\/p>\n<p>The Grayscale Bitcoin Trust (GBTC) traded at a 43% discount to Bitcoin spot price on Feb. 7, having recovered to 36.2% in mid-January.<\/p>\n<p>As Cointelegraph continues to report, Grayscale currently finds itself caught up in difficulties impacting parent company Digital Currency Group following the disintegration of FTX in November.<\/p>\n<p>Even before that, however, GBTC was struggling, as Grayscale attempts to force U.S. regulators to allow it to convert it to the country&#8217;s first Bitcoin spot price exchange-traded fund (ETF).<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/ac2dc444-bb74-4c48-bb81-8c3ad28179f7.png\"><figcaption style=\"text-align: center;\"><em>GBTC premium vs. asset holdings vs. BTC\/USD chart. Source: Coinglass<\/em><\/figcaption><\/figure>\n<p class=\"post-content__disclaimer\">The views, thoughts and opinions expressed here are the authors\u2019 alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-takes-lion-s-share-as-institutional-inflows-hit-7-month-high\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Bitcoin takes &#8216;lion&#8217;s share&#8217; as institutional inflows hit 7-month high &#8220; Bitcoin (BTC) rebounding 40% in January sparked the largest inflows of institutional cash since June 2022, data shows. In its &#8220;Digital Asset Fund Flows&#8221; Weekly&#8221; report on Jan. 30, digital asset investment and trading group CoinShares confirmed $117 million headed into crypto in&#8230;<\/p>\n","protected":false},"author":1,"featured_media":548869,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/6d2ecd06-c561-4e40-906b-0be7776dc62c.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74891,76550,73711,73785],"class_list":["post-548868","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-ethereum","tag-grayscale","tag-investments","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/548868","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=548868"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/548868\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/548869"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=548868"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=548868"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=548868"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}