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CoinShares International Limited posts strong Q3 2023 results, with £16.7 million in sales and a notable surge in Adjusted EBITDA to £9.9 million.
#Coinshares #CoinSharesReport
https://blockchainreporter.net/coinshares-reports-q3-2023-results/
#Coinshares #CoinSharesReport
https://blockchainreporter.net/coinshares-reports-q3-2023-results/
📊⛏ #Coinshares Mining Report:
▪️ $BTC mining network grew by 90% in 2023, raising questions about its environmental sustainability and profitability, especially the efficiency and cost of network energy;
▪️ The average cost of BTC production after halving is expected to be $37,856;
▪️ 53% of BFC mining energy is currently produced from environmentally friendly sources.
▪️ $BTC mining network grew by 90% in 2023, raising questions about its environmental sustainability and profitability, especially the efficiency and cost of network energy;
▪️ The average cost of BTC production after halving is expected to be $37,856;
▪️ 53% of BFC mining energy is currently produced from environmentally friendly sources.
CoinShares, a European crypto investment firm, is set to acquire Valkyrie Funds, its US competitor, following the approval of Valkyrie's Bitcoin ETF by the US Securities and Exchange Commission. 🤩
The move aims to extend CoinShares' success in Europe to the US market and compete in the spot Bitcoin ETF space. The acquisition is pending due diligence and board approval, expected to be completed by March 31, 2024. 🤑
This reflects a trend of consolidation between European and US crypto firms as the interest in spot crypto ETFs grows. 💯
#Coinshares #valkyrie #ValkyrieUpdate #BTC #etf
The move aims to extend CoinShares' success in Europe to the US market and compete in the spot Bitcoin ETF space. The acquisition is pending due diligence and board approval, expected to be completed by March 31, 2024. 🤑
This reflects a trend of consolidation between European and US crypto firms as the interest in spot crypto ETFs grows. 💯
#Coinshares #valkyrie #ValkyrieUpdate #BTC #etf
Record-breaking Investment in Crypto Investment Products.
In a recent weekly report by CoinShares, it was revealed that the crypto investment product market has reached a record high in the past 1.5 years, with a total net investment of $326 million since July 2022.
Bitcoin Dominance:
Bitcoin funds received the lion's share of investments, with a staggering $296.3 million flowing into BTC funds.
Solana's Surge:
Solana, a cryptocurrency gaining significant attention, emerged as the second most popular investment choice. It attracted a substantial $23.9 million in net investments during the week, and the total investment in SOL funds reached $98 million since the beginning of the year.
Short Bitcoin Investments:
Notably, even with the positive market trends, there was a significant inflow of investments into "short Bitcoin" funds, with $15.4 million pouring into funds that bet on Bitcoin's price decline.
Other Investments:
XRP funds received $200,000 in investments, while Litecoin funds saw $500,000 in investments. However, Ethereum funds experienced continuous outflows, with a net outflow of $6 million, resulting in a total outflow of $125 million since the start of the year.
Top Countries:
In terms of countries, Canada led the way with $134 million in investments, followed by Germany with $82 million and Switzerland with $50 million in funds.
Total Crypto Fund Value:
The total value of crypto funds under management reached $37.4 billion, with the majority, $27 billion, being attributed to Grayscale.
This recent surge in crypto investment products reflects the growing interest and trust in the cryptocurrency market, particularly Bitcoin, as a long-term investment option.
#Coinshares
In a recent weekly report by CoinShares, it was revealed that the crypto investment product market has reached a record high in the past 1.5 years, with a total net investment of $326 million since July 2022.
Bitcoin Dominance:
Bitcoin funds received the lion's share of investments, with a staggering $296.3 million flowing into BTC funds.
Solana's Surge:
Solana, a cryptocurrency gaining significant attention, emerged as the second most popular investment choice. It attracted a substantial $23.9 million in net investments during the week, and the total investment in SOL funds reached $98 million since the beginning of the year.
Short Bitcoin Investments:
Notably, even with the positive market trends, there was a significant inflow of investments into "short Bitcoin" funds, with $15.4 million pouring into funds that bet on Bitcoin's price decline.
Other Investments:
XRP funds received $200,000 in investments, while Litecoin funds saw $500,000 in investments. However, Ethereum funds experienced continuous outflows, with a net outflow of $6 million, resulting in a total outflow of $125 million since the start of the year.
Top Countries:
In terms of countries, Canada led the way with $134 million in investments, followed by Germany with $82 million and Switzerland with $50 million in funds.
Total Crypto Fund Value:
The total value of crypto funds under management reached $37.4 billion, with the majority, $27 billion, being attributed to Grayscale.
This recent surge in crypto investment products reflects the growing interest and trust in the cryptocurrency market, particularly Bitcoin, as a long-term investment option.
#Coinshares
According to #Coinshares data, #cryptocurrency investment products have been out for 4 weeks.
• Investment products saw a total output of 54 million dollars last week.
• #bitcoin has experienced a total of $38 million in exits, representing 80% of all exits.
• Investment products saw a total output of 54 million dollars last week.
• #bitcoin has experienced a total of $38 million in exits, representing 80% of all exits.
XRP Shines Green Amid $2.9 Billion Market Setback
#uma XRP bucks trend in face of $2.9 billion market setback, emerging as standout performer with positive capital flowIn the face of a challenging week for digital asset investment products, XRP emerges as the sole beacon of positivity, showcasing resilience in the volatile market. Coinshares' latest weekly report reveals a setback with minor outflows totaling $21 million across digital assets, particularly impacting higher-cost issuers in the U.S. Notably, since the launch of spot-based #ETFs on Jan. 11, 2024, incumbent players suffered a significant blow with $2.9 billion in outflows.However, amid the gloom, the report presents a silver lining. The data illustrates a noteworthy influx of over half a million dollars into investment products, particularly those focused on the popular cryptocurrency $XRP . The digital asset stands as the only alternative to Bitcoin that witnessed a positive capital flow, recording an impressive $4 million since the beginning of the year.Source: #Coinshares The hitThe market's major hit came from Grayscale's decision to sell its Bitcoin holdings from the #gbtc trust, contributing to the overall setback. Even with the introduction of new ETFs, which garnered $4.13 billion in inflows since their launch, they were unable to compensate for the losses suffered by higher-cost incumbent ETPs. Investors leveraged the recent price weakness to capitalize on short-Bitcoin investment products, with inflows there and minor outflows of $25 million for Bitcoin itself.As the digital asset landscape navigates through challenges, XRP's resilience and positive capital flow underscore its appeal among #investors .🗣🗣Empower Our Mission: Tips For Dedicated Service. 🗣🗣👉Users are encouraged to support the mission by offering generous tips.🗣This empowers creators to work even harder, ensuring the continued delivery of top-notch investment advice.
Bitcoin Institutional Inflows Top $1B in 2023 Amid BTC Supply Squeez
BitcoinIn its latest weekly report on Nov. 13, crypto asset management firm CoinShares furthered the narrative that Bitcoin and altcoins are again attracting capital.Crypto institutional product AUM up 99% year-to-dateBitcoin, EtherSince November 2022, the total crypto market cap has increased by $600 billion, data from TradingView confirms.The past two months, however, have seen a precipitous increase in funds being deployed to crypto investment products, CoinShares reveals.“Digital asset investment products saw inflows totalling US$293m last week, bringing this 7-week run of inflows past the US$1bn mark, leaving year to date inflows at US$1.14bn, making it the third highest yearly inflows on record,” it summarized.Among the impressive statistics showing crypto’s renaissance in 2023 is the assets under management (AUM) tally for crypto exchange-traded products (ETPs).Since the start of the year, this has practically doubled, gaining nearly 10% in the past week alone.“At US$44.3bn, total AuM is now the highest since the major crypto fund failures in May 2022,” CoinShares noted.The report added that those aiming to long BTC had taken the lion’s share of volume.“Bitcoin saw inflows totalling US$240m last week, pushing year-to-date inflows to US$1.08bn, while short-bitcoin saw US$7m outflows, indicative of continue positive sentiment,” it stated.“This is what adoption looks like”The renewed interest meanwhile spurred on-chain analytics firm Glassnode to reassess Bitcoin supply dynamics.With the next block subsidy halving just five months away, BTC being ferreted away for storage is now outpacing the amount mined by 2.4 times, it showed in the latest edition of its weekly newsletter, “The Week On-Chain.”“The fourth halving event is fast approaching and represents an important fundamental, technical, and philosophical milestone for Bitcoin. For investors, it is also an area of intrigue given the impressive return profile in prior cycles,” it commented.Among the various accompanying charts, one showed BTC supply storage by long-term holders, or LTHs — entities coins for 155 days or more.Continuing, Philip Swift, creator of the statistics platform Look Into Bitcoin, highlighted increasing wallet entities, both large and small.“This is what adoption looks like,” he told X subscribers on the day.#BTC #Flow #CryptoTradingTip #EthereumHigh #Coinshares
Ethereum's Narrative Amidst Rising Layer-1 Blockchain Competitionm. ♦️👀
In the dynamic world of cryptocurrencies, Ethereum (ETH) finds itself at a crossroads as alternative layer-1 blockchains gain prominence. Meltem Demirors, CoinShares Chief Strategy Officer, recently delved into the evolving landscape in a Crypto Banter YouTube interview, shedding light on the challenges Ethereum faces in maintaining its narrative strength.
For crypto newcomers, Bitcoin (BTC) often serves as the gateway due to its simple narrative. The unique concepts of "digital gold" and "money backed by physics" contribute to a strong and reassuring holding sentiment. Ethereum, however, grapples with a more intricate scaling roadmap that may pose a challenge for newcomers to comprehend.
Demirors highlights Ethereum's struggle with a complex scaling roadmap, creating a potential barrier for new entrants. The narrative challenges stem from the intricacies of Ethereum's scaling solutions, raising questions about the platform's ease of adoption.
While the Ethereum community is robust, it lacks the fervent brand loyalty observed among Bitcoin maximalists. Demirors points out the absence of strong Ethereum advocates, questioning the depth of narrative loyalty within the community.
The emergence of alternative layer-1 blockchains, offering faster, cheaper, and more user-friendly experiences, poses a threat to Ethereum's market share. The critical question remains: can Ethereum sustain mindshare and market share in the face of escalating competition?
Demirors expresses uncertainty about Ethereum's ability to maintain prominence with the increasing launch of layer-1 blockchains. While compatibility with Ethereum's EVM (Ethereum Virtual Machine) is considered, challenges to narrative loyalty persist, leaving the platform's future uncertain.
#BTC #eth #Coinshares #MeltemDemirors #Write2Earn
In the dynamic world of cryptocurrencies, Ethereum (ETH) finds itself at a crossroads as alternative layer-1 blockchains gain prominence. Meltem Demirors, CoinShares Chief Strategy Officer, recently delved into the evolving landscape in a Crypto Banter YouTube interview, shedding light on the challenges Ethereum faces in maintaining its narrative strength.
For crypto newcomers, Bitcoin (BTC) often serves as the gateway due to its simple narrative. The unique concepts of "digital gold" and "money backed by physics" contribute to a strong and reassuring holding sentiment. Ethereum, however, grapples with a more intricate scaling roadmap that may pose a challenge for newcomers to comprehend.
Demirors highlights Ethereum's struggle with a complex scaling roadmap, creating a potential barrier for new entrants. The narrative challenges stem from the intricacies of Ethereum's scaling solutions, raising questions about the platform's ease of adoption.
While the Ethereum community is robust, it lacks the fervent brand loyalty observed among Bitcoin maximalists. Demirors points out the absence of strong Ethereum advocates, questioning the depth of narrative loyalty within the community.
The emergence of alternative layer-1 blockchains, offering faster, cheaper, and more user-friendly experiences, poses a threat to Ethereum's market share. The critical question remains: can Ethereum sustain mindshare and market share in the face of escalating competition?
Demirors expresses uncertainty about Ethereum's ability to maintain prominence with the increasing launch of layer-1 blockchains. While compatibility with Ethereum's EVM (Ethereum Virtual Machine) is considered, challenges to narrative loyalty persist, leaving the platform's future uncertain.
#BTC #eth #Coinshares #MeltemDemirors #Write2Earn
The cryptocurrency investment landscape has surged to a remarkable $67 billion in assets under management (AUM), marking the highest level since December 2021, according to a recent report by #Coinshares research head James Butterfill.
The substantial growth is attributed to year-to-date inflows of $5.2 billion and positive price movements across the crypto market. Notably, crypto exchange-traded products (ETPs) recorded a historic $2.45 billion in inflows for the week ending Feb. 16. A significant portion, 99%, can be attributed to United States-listed crypto #ETPs , particularly the 10 approved spot Bitcoin exchange-traded funds (ETFs), which experienced a notable acceleration in net inflows.
#Ethereum(ETH) products, while seeing relatively modest inflows of $21 million, achieved a notable milestone, reaching around $2,800 by the end of last week, a level not seen since May 2022.
Altcoins also made their mark in the market, with ETPs based on Avalanche, Chainlink, and Polygon each receiving around $1 million in inflows. One noteworthy addition to the scene is #Islamiccoin , an EVM-compatible cryptocurrency operating on a proof-of-stake consensus mechanism. Market enthusiasts believe this altcoin holds promising prospects in the upcoming bull run.
As the crypto investment space continues to evolve, these recent developments underscore the growing mainstream interest and confidence in the digital asset market.
#Write2Earn $ETH $SOL $BTC
The substantial growth is attributed to year-to-date inflows of $5.2 billion and positive price movements across the crypto market. Notably, crypto exchange-traded products (ETPs) recorded a historic $2.45 billion in inflows for the week ending Feb. 16. A significant portion, 99%, can be attributed to United States-listed crypto #ETPs , particularly the 10 approved spot Bitcoin exchange-traded funds (ETFs), which experienced a notable acceleration in net inflows.
#Ethereum(ETH) products, while seeing relatively modest inflows of $21 million, achieved a notable milestone, reaching around $2,800 by the end of last week, a level not seen since May 2022.
Altcoins also made their mark in the market, with ETPs based on Avalanche, Chainlink, and Polygon each receiving around $1 million in inflows. One noteworthy addition to the scene is #Islamiccoin , an EVM-compatible cryptocurrency operating on a proof-of-stake consensus mechanism. Market enthusiasts believe this altcoin holds promising prospects in the upcoming bull run.
As the crypto investment space continues to evolve, these recent developments underscore the growing mainstream interest and confidence in the digital asset market.
#Write2Earn $ETH $SOL $BTC
Predicting what Bitcoin could potentially do. 🔥✨
Cryptocurrency enthusiasts are on high alert as Bitcoin's options market experiences a surge, with a notable focus on short-term options. The rising demand has triggered concerns about a "Gamma Squeeze," a scenario where market fluctuations accelerate due to price changes.
The intensified interest in short-term options raises the specter of a Gamma Squeeze, with market dynamics susceptible to rapid shifts.
Bitcoin's recent 20% surge and increased ETF investments, coupled with traders positioning for a breach of the $69,000 record level, contribute to the heightened market activity.
CoinShares' Luke Nolan suggests that if the momentum persists, a violent upward move could be imminent. However, the market remains sensitive, and a slight shift in ETF investments may prompt traders to swiftly reduce leverage.
The influx of buyers into short-term options has spiked Bitcoin's volatility to its highest level since the Silicon Valley Bank's downturn. On March 29 alone, options with a staggering $7 billion nominal value were traded.
Deribit data points to a clustering of contract strike prices at $65,000, $60,000, and $70,000, setting the stage for a potential Gamma Squeeze.
Large amounts of out-of-the-money (OTM) call options pose risks for sellers. Nolan highlights that as Bitcoin rises, option sellers may need to hedge their risk by buying the underlying asset, creating a self-sustaining cycle.
#dyor #BTC #ETH #Coinshares #Deribit
Cryptocurrency enthusiasts are on high alert as Bitcoin's options market experiences a surge, with a notable focus on short-term options. The rising demand has triggered concerns about a "Gamma Squeeze," a scenario where market fluctuations accelerate due to price changes.
The intensified interest in short-term options raises the specter of a Gamma Squeeze, with market dynamics susceptible to rapid shifts.
Bitcoin's recent 20% surge and increased ETF investments, coupled with traders positioning for a breach of the $69,000 record level, contribute to the heightened market activity.
CoinShares' Luke Nolan suggests that if the momentum persists, a violent upward move could be imminent. However, the market remains sensitive, and a slight shift in ETF investments may prompt traders to swiftly reduce leverage.
The influx of buyers into short-term options has spiked Bitcoin's volatility to its highest level since the Silicon Valley Bank's downturn. On March 29 alone, options with a staggering $7 billion nominal value were traded.
Deribit data points to a clustering of contract strike prices at $65,000, $60,000, and $70,000, setting the stage for a potential Gamma Squeeze.
Large amounts of out-of-the-money (OTM) call options pose risks for sellers. Nolan highlights that as Bitcoin rises, option sellers may need to hedge their risk by buying the underlying asset, creating a self-sustaining cycle.
#dyor #BTC #ETH #Coinshares #Deribit
