Cryptocurrencies Post 5th Straight Week of Inflows, Shows CoinShares Data

Cryptocurrencies Post 5th Straight Week of Inflows, Shows CoinShares Data

Cryptocurrencies Post 5th Straight Week of Inflows, Shows CoinShares Data
Cryptocurrency inflows for 2021 were a still a robust $5.96 billion (roughly Rs. 43,870 crores)
Cryptocurrencies post 5th consecutive week of entries, CoinShares data shows

Cryptocurrency inflows amounted to $ 41.6 million (approximately Rs. 310 crore) for the week ending September 17, with Bitcoin making the largest share of the $ 15.3 million inflows (approximately Rs. 110 crores rupees).
Highlights
  • Bitcoin has suffered the most from negative investor sentiment
  • Glassnode believes Bitcoin is forming a "consolidation trading range"
  • Grayscale is still the largest crypto asset manager
Cryptocurrency investment products and funds saw inflows for a fifth consecutive week as market sentiment on the sector continued to improve, data from digital asset manager CoinShares showed on Monday.

Cryptocurrency inflows amounted to $41.6 million (roughly Rs. 310 crores) for the week ended September 17, with Bitcoin getting the bulk of inflows at $15.3 million (roughly Rs. 110 crores), and ether products garnering $6.6 million (roughly Rs. 50 crores). The data showed that inflows were seen across the board. Bitcoin price in India stood at Rs. 34.02 lakhs as of 11am IST on September 21.


Digital currency inflows for 2021 were a still a robust $5.96 billion (roughly Rs. 43,870 crores).

"This improved sentiment could be a seasonal phenomenon, but we are not seeing a commensurate rise in volumes in investment products," said James Butterfill, investment strategist, at CoinShares.

"This suggests that some investors are taking advantage of recent price weakness and the continued rise in alt-coin popularity," he added.

Bitcoin has suffered the most from negative investor sentiment with inflows in only three of the last 16 weeks, the report said. Over the course of this year, its total market share of assets under management has fallen from 81 percent in January to just 67 percent as of last Friday, it added.

Overall, Bitcoin inflows for the year amounted to $4.2 billion (roughly Rs. 30,910 crores).

Blockchain data provider Glassnode, in its latest note on Monday, acknowledged the current macroeconomic backdrop that featured growing uncertainties in Chinese credit markets. But it noted that even amid this landscape, "Bitcoin price action, and on-chain investor responses appear relatively robust."

Glassnode believes Bitcoin is forming a "consolidation trading range."

Bitcoin hit a near four-month high above $52,000 (roughly Rs. 38 lakhs) on September 6, but was currently down 7.4 percent at $43,748 (roughly Rs. 32 lakhs).


Grayscale is still the largest crypto asset manager, with $43.2 billion (roughly Rs. 3,18,020 crores) in AUM, up from about $28.5 billion (roughly Rs. 2,09,800 crores) around mid- to early August.

AUM at CoinShares, the second biggest digital asset manager, were at $4.2 billion (roughly Rs. 30,920 crores).
Source -Cryptocurrencies Post 5th Straight Week of Inflows, Shows CoinShares Data
Follow Us on GooglenewsMediumTwitterTumblrFacebook and Reddit to Get Crypto.onlinenews.live Updates and the Latest News About the Crypto World 

Disclaimer
The information on this website is not intended to be financial, business, investment or other advice, and you should not consider the content of the website as such. crypto.onlinenews.live does not recommend that you buy, sell or hold any cryptocurrency.

COMMENTS

Name

10-best-popular-cryptocurrencies-to-mine-in-2021,2,10-most-popular-invested-cryptocoins-in-the-world,3,10-new-cryptocoins-to-watch-in-2021,1,7-things-you-should-know-about-nfts,1,7-things-you-should-know-before-buying-baby-doge-coin,1,a-few-tips-to-guide-you-on-your-first-cryptocoins-investment,1,affordable-cryptocoins,1,airdrop,1,all-you-need-to-know-is-cryptocurrency-a-good-investment,1,altcoins,2,baby-cake,1,baby-cake-crypto,1,baby-cake-crypto-new-coins-future,1,baby-doge-coin,2,before-you-invest-in-cryptocurrency-read-this-6-step-guide,2,beginner-s-guide-best-crypto-exchange-to-maximize-profits,1,best-10-cheap-and-potential-cryptocurrency-to-invest-in-2021,2,best-10-most-important-cryptocurrencies-other-than-bitcoin,1,best-crypto exchange,1,best-crypto-exchanges,1,best-cryptocurrency-exchange,1,best-easy-ways-to-make-money-online-with-cryptocurrencies,1,best-free-airdrop,1,best-legit-ways-to-earn-crypto-coins-like-bitcoin,5,best-upcoming-ongoing-crypto-coins-airdrop-list,1,best-way-to-earn-free-crypto-airdrop-in-cryptocurrencies,1,best-ways-to-earn-crypto-currency,1,best-ways-to-earn-free-cryptocurrencies-online-without-investment,1,best-ways-to-earn-online-passive-income-with-cryptocurrency,1,bitcoin,23,bitcoin-dogecoin-cryptocurrency-vs-gold-which-investment-is-safe,1,bitcoin-dogecoin-ether-cryptocurrency,1,bitcoin-investment,4,bitcoin-investors,2,Bitcoin-price,8,bitcoin-price-in-India,1,Bitcoin-Vs-Ethereum,1,Bitcoin-Vs-Ethereum Crypto-Coin,1,bitcoins,12,blockchain-technology,1,buy-jio-coin-in-india,1,candlestick-charts-performance,1,Cardano,1,clover-finance,1,clover-finance-coin,1,cocoswap-becomes-second-trending-crypto-token-on-coinmarketcap,1,coins,1,comparing-baby-doge-dogecoin-and-shiba-inu-which-is-best,1,cro-token,1,Crypt coin,1,Cryptcoin,19,crypto,53,Crypto Coin,1,crypto-asset,1,crypto-assets,1,crypto-assets-you-can-mine-from-a-home-computer,1,crypto-coin,24,crypto-coin-online-news,10,crypto-coin-price-today-on-june-7-check-bitcoin-ether-and-dogecoin-price,1,crypto-coin-price-updats-bitcoin,1,crypto-coins,4,crypto-coins-onlinenews,12,crypto-com-coin,1,crypto-credit-cards,2,crypto-credit-cards-why-you-should-have-one,1,crypto-currency,9,crypto-exchange,2,crypto-exchanges,1,crypto-investment,2,crypto-investor,1,crypto-news,47,crypto-research-tools,1,crypto-token,13,crypto-tokens-vs-coins-what-is-differences-between-coins-and-tokens,1,Cryptocoin,18,cryptocoin-million-dollars-penthouse-in-miami-most-expensive-property-traded-via-crypto-coin,1,cryptocoin-news,2,cryptocoins,1,cryptocurrencies,3,cryptocurrencies-tips-for-beginners,1,Cryptocurrency,114,Cryptocurrency-bitcoin,3,cryptocurrency-coin-price-in-india-today-7th-june-bitcoin-ethereum-dogecoin-crypto-market-volume-rise-by-more-than-22-percent,1,cryptocurrency-dogecoin,1,cryptocurrency-economy-this-village-in-el-salvador-uses-cryptocoins-to-buy-groceries-pay-utilities,1,Cryptocurrency-Ether,3,cryptocurrency-investment,2,cryptocurrency-investment-candlestick-charts-performance-how-to-read-data,1,cryptocurrency-mining,2,cryptocurrency-mining-how-does-mining-work,1,Cryptocurrency-news,3,cryptocurrency-news-in-hindi,16,cryptocurrency-safety,1,cryptocurrency-safety-4-tips-to-safely-invest-in-cryptocurrency,1,cryptocurrency-trade,1,cryptocurrency-vs-gold,1,cryptocurrency-what-is-the-plan-in-india-regarding-crypto-currency-learn,1,cryptocurrency-when-is-the-right-time-to-invest-and-sell-bitcoin,1,CryptoMarket,5,Cryptonews,10,cryptotab,1,cryptotab-browser-pro,1,cryptotab-browser-pro-refer-earn-free-bitcoin,1,defi-coin,1,defi-token,1,dep20-token,1,dhabicoin,1,difference-between-cryptocurrency-and-crypto-token,1,different-types-of-crypto-asset,1,do-you-know-high-potential-tokens-will-make-your-future-earn,1,dogecoin-vs-shiba-inu,1,dogecoin-vs-shiba-inu-which-option-is-best-where-to-invest-in-2021,1,e-money,1,e-money-ngm,1,earn-bitcoin-for-free,1,earn-bitcoin-without-investment,1,earn-crypto-online,1,earn-cryptos-online-participate-in-xcelpay-wallet-massive-token-giveaway,1,earn-free-crypto-coins-online,6,earn-free-crypto-coins-online-without-investment,1,earn-free-cryptocoin-daily,1,earn-online-passive-income-with-crypto,2,earncrypto,20,earncrypto-online,14,easiest-way-to-buy-safemoon,1,easy-way-to-mine-bitcoin-on-cryptotab-browser-free,1,Ether,1,Ethereum,1,everything-you-need-to-know-about-nft-projects,1,everything-you-need-to-know-about-nfts-and-cryptocurrency,1,farming-vs-staking,1,free-crypto-airdrop,1,Gadgets 360,22,garlicoin-games-memes-and-more-news,1,govcoins,1,governments-are-Introducing-govcoins-to-bring-down-cryptocurrencies,1,govt-has-these-4-tips-for-cryto-coin-and-bitcoin-investors,1,greenest-cryptocurrencies,1,happycoin,1,happycoin-crypto-changing-face-online,1,how-can-use-bitcoin-as-a-currency,1,how-can-use-bitcoin-as-a-currency-everything-you-need-to-know,1,how-does-blockchain-technology-make-cryptocurrency-trading-secure,1,how-does-cryptocurrency-mining-work,1,how-to-buy-nfts,1,how-to-choose-a-best-cryptocurrency-exchange,1,how-to-earn-free-cryptocurrencies-by-blogging-on-publish0x,1,how-to-earn-interest-and-increase-performance-with-bitcoin-and-crypto,1,how-to-get-free-crypto-airdrops,1,how-to-get-tfuel-coin-tfuel-crypto-price-prediction,1,how-to-invest-and-make-money-from-bitcoin-like-crypto-coin-in-india,1,how-to-spend-bitcoin-here-is-the-guide,1,how-to-trade-cryptocurrencies-here-are-some-tips-for-beginners,1,investment-in-crypto-coins-bitcoin-gave-return-more-than-gold,1,is-cryptocurrency-a-safe-investment,1,jio-coin,1,jio-coin-kya-hai-in-hindi,1,jio-coin-launch-date,1,key-differences-between-token-staking-and-token-farming,1,know-the-5-famous-crypto-coin-of-2021-they-will-make-money-in-future,1,launch-of-unitum-coin-a-defi-token-created-to-end-ticket-fraud-forever,1,Leading Bitcoin Machine Manufacturer to Halt Sales in China Operations Following Crypto Crackdown: Report,1,learn-about-the-clover-finance-crypto-coins-token,1,learn-about-the-neo-crypto-coins-token,1,learn-about-the-new-crypto-com-coin-token,1,monero-xmr-token-king-of-coins-on-darknet,1,most-profitable-cryptocurrency-mining,2,nbx-tokens,1,neo,1,neo-crypto,1,neo-crypto-coins,1,neo-token,1,netbox browser-decentralized-and-rewarding-first browser,1,netbox-global,1,new-crypto-coins,2,new-crypto-coins-which-is-best-dogecoin-shiba-inu-or-baby-dogecoin,1,new-cryptocoins,1,new-listings-trending-crypto-coins-on-coinmarketcap,1,nfts,6,nfts-and-cryptocurrency-everything-you-need-to-know,1,non-fungible-assets,2,non-fungible-token,2,Other Cryptocurrencies Fall as China’s Crypto Ban Shakes Market,1,pi network-first-mineable-coins-on-your-phone,1,pi-coin,1,pi-network,2,pi-network-one-pi-equal-to-dollar-100,1,polkadot,1,polkadot-price-prediction-polkadot-crypto-will-make-billionaires-in-2021,1,publish0x,1,refer-earn,2,ren-crypto-price-prediction-what-is-ren-crypto-is-ren-a-good-investment,1,Ripple,1,safemoon,1,safemoon-crypto,1,safemoon-crypto-easiest-way-to-buy-safemoon-crypto-assets,1,shiba-inu,2,shiba-inu-coin,1,shiba-inu-coin-easiest-way-to-buy-shib-coin-crypto-assets,1,shiba-inu-crypto,1,shiba-inu-crypto-coin,1,shiba-inu-crypto-why-shib-coin-crypto-is-getting-attention-again,1,should-you-invest-in-this-crypto-coin-bitcoin-know-about-it-in-details,1,south-african-vanish-with-3-6-billion-worth-of-bitcoin,1,stable-coin,1,staking,1,tfuel-crypto-price-prediction,1,the-best-centralized-crypto-exchanges,1,the-best-ways-to-earn-crypto-currency-without-spending-money,1,these-5-defi-coins-with-the-best-rewarding-options,1,time-to-earning-cryptocurrencies-is-right-now,1,token-farming,1,tokens-vs-coins-a-helpful-guide,1,top-10-affordable-cryptocoins-for-indian-investors-to-buy-in-2021,1,top-10-altcoins-buy-for-high-profits-returns,1,top-10-aspiring-cryptocurrencies,1,top-10-aspiring-cryptocurrencies-for-august,1,top-10-best-crypto-coin-mine-most-profitable-crypto-mining-2021,1,top-10-best-cryptocurrencies-to-invest-in-2021,1,top-10-best-tools-and-resources-for-crypto-research,1,top-10-cryptocurrencies-with-largest-market-capitalization-in-2021,1,top-10-greenest-cryptocurrencies,1,top-10-trusted-crypto-and-bitcoin-investment-sites,1,top-5-meme-crypto-tokens-can-make-us-rich-in-near-future,1,top-crypto-credit-cards-in-the-world-of-cryptocurrencies,1,top-cryptocurrency-news-on-june-Important-stories-about-bitcoin-dogecoin-and-digital-cash,1,types-of-cryptocurrencies-everyone-should-know-about-in-2021,1,US Sports Commentator Joe Rogan Says He Doesn't Understand the Concept of NFTs,1,what-are-nfts-how-can-buy-them-in-india,1,what-are-the-top-10-greenest-cryptocurrencies,1,what-is-a-blockchain-node,1,what-is-a-blockchain-node-how-does-cryptocurrency-work,1,what-is-dhabicoin-token-dbc,1,what-is-e-money-ngm-and-how-does-it-work,1,what-is-the-difference-between-stable-coin-and-dep20-token,1,what-is-wrx-coin-key-features-of-wazirx-where-and-how-to-buy,1,when-will-government-decide-future-of-a-cryptocurrency-like-bitcoin-in-india,1,which-is-best-dogecoin-shiba-inu-or-baby-dogecoin,1,Will Volcanic Geo-Thermal Energy Soon Power ‘Clean’ Bitcoin Mining in El Savador?,1,women-investors-in-the-indian-crypto-market,1,
ltr
item
Crypto - Cryptocurrency, Crypto Coins - OnlineNews: Cryptocurrencies Post 5th Straight Week of Inflows, Shows CoinShares Data
Cryptocurrencies Post 5th Straight Week of Inflows, Shows CoinShares Data
Cryptocurrencies Post 5th Straight Week of Inflows, Shows CoinShares Data
https://1.bp.blogspot.com/-FIU8sS8WHrE/YQqyGvWqIJI/AAAAAAAAEck/rAssRk_RJGIrc2ONuHVQFUZgz-i91c5UQCLcBGAsYHQ/w640-h360/What%2BYou%2BNeed%2BTo%2BKnow%2BBefore%2BInvesting%2BIn%2BCryptocurrency.webp
https://1.bp.blogspot.com/-FIU8sS8WHrE/YQqyGvWqIJI/AAAAAAAAEck/rAssRk_RJGIrc2ONuHVQFUZgz-i91c5UQCLcBGAsYHQ/s72-w640-c-h360/What%2BYou%2BNeed%2BTo%2BKnow%2BBefore%2BInvesting%2BIn%2BCryptocurrency.webp
Crypto - Cryptocurrency, Crypto Coins - OnlineNews
https://crypto.onlinenews.live/2021/09/cryptocurrencies-post-5th-straight-week.html
https://crypto.onlinenews.live/
https://crypto.onlinenews.live/
https://crypto.onlinenews.live/2021/09/cryptocurrencies-post-5th-straight-week.html
true
7322076323457124271
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy Table of Content