CoinShares' Butterfill Suggests "Continued Hesitation" Among Investors
Matrixport's Chief Strategy Officer said he believes the market is currently in a "wait-and-see environment", but that it could change after mid-2019 in the United States. elections due in November.
New
Minor inflows for digital asset investment products in recent weeks suggest “continued hesitation” towards crypto among institutional investors amid a slowing US economy.
In the latest edition of CoinShares' weekly "Digital Asset Fund Flows" report, CoinShares Head of Research James Butterfill highlighted the aloof institutional sentiment towards crypto investment products, which recorded "minor entries" for the third consecutive week:
"Flows remain weak, implying continued investor hesitation, which is evident in investment product trading volumes which were $886 million for the week, the lowest since October 2020."
Between September 26 and 30, investment products offering exposure to Bitcoin (BTC) had the most inflows with just $7.7 million, followed closely by Ether investment products (ETH) with $5.6 million in inflows. Short BTC products were the only other notable inflows of $2.1 million.
These inflows were offset by more than $3.5 million in outflows for investment products offering exposure to altcoins such as Polygon (MATIC), Avalanche (AVAX) and Cardano (ADA), while multi-asset funds and Solana (SOL) also lost $700,000 and $400,000 during this week, respectively.
Commenting on the current state of the crypto market and institutional outlook lately, Markus Thielen, Head of Research and Strategy at Matrixport, a Singapore-based crypto financial services platform, noted that:
"The market is currently in a wait-and-see environment as a potential positive shift after the US midterm elections could prompt significant regulatory changes."
"Last...
Matrixport's Chief Strategy Officer said he believes the market is currently in a "wait-and-see environment", but that it could change after mid-2019 in the United States. elections due in November.
New
Minor inflows for digital asset investment products in recent weeks suggest “continued hesitation” towards crypto among institutional investors amid a slowing US economy.
In the latest edition of CoinShares' weekly "Digital Asset Fund Flows" report, CoinShares Head of Research James Butterfill highlighted the aloof institutional sentiment towards crypto investment products, which recorded "minor entries" for the third consecutive week:
"Flows remain weak, implying continued investor hesitation, which is evident in investment product trading volumes which were $886 million for the week, the lowest since October 2020."
Between September 26 and 30, investment products offering exposure to Bitcoin (BTC) had the most inflows with just $7.7 million, followed closely by Ether investment products (ETH) with $5.6 million in inflows. Short BTC products were the only other notable inflows of $2.1 million.
These inflows were offset by more than $3.5 million in outflows for investment products offering exposure to altcoins such as Polygon (MATIC), Avalanche (AVAX) and Cardano (ADA), while multi-asset funds and Solana (SOL) also lost $700,000 and $400,000 during this week, respectively.
Commenting on the current state of the crypto market and institutional outlook lately, Markus Thielen, Head of Research and Strategy at Matrixport, a Singapore-based crypto financial services platform, noted that:
"The market is currently in a wait-and-see environment as a potential positive shift after the US midterm elections could prompt significant regulatory changes."
"Last...
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