Digital

Digital Asset Investment Fund Record $708 Million Inflows as AUM Hit $53 Billion

Digital Asset Investment Fund Record $708 Million Inflows as AUM Hit $53 Billion

Last updated: February 4, 2024 23:49 EST | 2 min read Source: Adobe / LuisaDigital asset investment funds have seen an increase in inflows across seven days following a market rebound after days of sell-offs. A new CoinShares Weekly Crypto Asset Flows Report shows massive inflows into Bitcoin (BTC) and other cryptocurrencies, raising yearly entries […]

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Digital Asset Investment Products See $21M Outflows Despite Record Bitcoin Trading Volumes

Digital Asset Investment Products See $21M Outflows Despite Record Bitcoin Trading Volumes

Digital asset investment products experienced modest withdrawals of $21 million last week. However, this overall figure doesn’t reflect the significantly elevated trading activity, with Bitcoin alone witnessing trading volumes of $11.8 billion. This amount is seven times higher than the typical weekly trading volume observed in 2023, according to the latest report by CoinShares. US

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Digital Asset Investment Products Record $21M Outflows Despite $11.8B Trading Volume

Digital Asset Investment Products Record $21M Outflows Despite $11.8B Trading Volume

Last updated: January 21, 2024 22:59 EST | 2 min read Source: Adobe / LuisaDigital asset funds have recorded a minor $21 million in outflows while trading volumes surged past $11 billion as crypto prices plummeted in the past seven days. CoinShares’ Digital Asset Weekly Fund Flows report on Jan 22 shows a slight decline

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Digital Currency Group has Settled Over $1 Billion in Debt, Including $700 Million Owed to Bankrupt Genesis

Digital Currency Group has Settled Over $1 Billion in Debt, Including $700 Million Owed to Bankrupt Genesis

Source: Digital Currency Group Digital Currency Group (DCG) has successfully settled over $1 billion in debt, including the substantial amount of nearly $700 million owed to its bankrupt subsidiary, Genesis.  The announcement came from DCG CEO Barry Silbert, who took to the social media platform X to share the news. I’m happy to share that

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Digital Asset Products Record $103 Million Inflows as Assets Under Management Maintains $52 Billion Position

Digital Asset Products Record $103 Million Inflows as Assets Under Management Maintains $52 Billion Position

Source: Adobe / Luisa Cryptocurrency funds recorded $103 million inflows in the penultimate week of the year as institutional investors keep momentum toward a spot Bitcoin (BTC) ETF approval by the Securities and Exchange Commission (SEC).  Recent data provided by CoinShares shows massive inflows into digital asset investment products in the last seven days with

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Digital Asset Investments Stage a Comeback; Bitcoin Reigns Supreme With $87.6M Inflows

Digital Asset Investments Stage a Comeback; Bitcoin Reigns Supreme With $87.6M Inflows

Digital asset investment products resumed inflows after breaking the 11-week streak of positive cash flows. According to the findings by CoinShares’ Head of Research, James Butterfill, the net inflows totaled $103 million over the last week. Bitcoin investment products, as usual, attracted the highest capital inflow. The digital asset manager revealed a net inflow of

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Galaxy Digital CEO Mike Novogratz Urges Removal of Senator Warren

Galaxy Digital CEO Mike Novogratz Urges Removal of Senator Warren

Michael Novogratz, the founder of Galaxy Digital, expressed his opinion on Senator Elizabeth Warren’s stance against the cryptocurrency space on X. The post comes in response to Warren’s announcement of additional support from her colleagues for the Digital Asset Anti-Money Laundering Act, a bipartisan bill aiming to address concerns about the use of cryptocurrencies in

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Galaxy Digital on the Hunt for More Crypto Bankruptcy Assets Post-FTX Deal

Galaxy Digital on the Hunt for More Crypto Bankruptcy Assets Post-FTX Deal

Source: LinkedIn Galaxy Digital, the cryptocurrency group led by US billionaire Mike Novogratz, is seeking additional asset sales from bankrupt digital asset companies following a successful deal that involved selling coins held by FTX.  The transaction has significantly increased Galaxy’s funds under management, tripling the figure from $1.7 billion a year ago to $5.3 billion

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Galaxy Digital CEO Mike Novogratz Admits He Was Wrong About XRP and Altcoins

Galaxy Digital CEO Mike Novogratz Admits He Was Wrong About XRP and Altcoins

Source: Galaxy Gives Mike Novogratz, Founder and CEO of Galaxy Digital admitted that he was wrong about XRP in an interview. Novogratz also said that altcoins are currently store of value and might have utilities in the future. Novogratz was originally skeptical about XRP, especially regarding its distribution and how Ripple Labs, the creator and

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More Hong Kong Banks Set to Join Digital Yuan Pilot, Gov’t Confirms

More Hong Kong Banks Set to Join Digital Yuan Pilot, Gov’t Confirms

Source: dmitriy/Adobe Hong Kong’s government says more banks based in the country are preparing to join Mainland China’s digital yuan pilot. Mainland China’s central bank, the People’s Bank of China (PBoC), wants to expand its CBDC’s cross-border applications. And it seemingly wants even more overseas banks to join the pilot, as it focuses on international

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