Large inflows of crypto derivatives on Bitcoin on exchanges
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The past few weeks have seen significant capital inflows toward crypto derivatives on exchanges, particularly on Bitcoin. The data were published yesterday in an official blog post by CoinShares, a European company specializing in digital assets that has already issued several crypto derivatives. Specifically, net capital inflows over the past four weeks totaled $742 million, with a focus on Bitcoin. This was the largest set of inflows since the last quarter of 2021, with $137 million last week alone. All of this followed the news of BlackRock‘s application to issue a spot Bitcoin ETF, and subsequent rise in the price
Bitcoin briefly set a new all-time high above $124,000 earlier today before experiencing a sharp retracement that brought the asset back below the $120,000 level. As of press time, BTC is trading at $118,336, representing a weekly loss of 1.9% and a 4.5% decline from its peak. The price shift…
Institutional investment and infrastructure expansion drove the crypto sector on July 16, with Crypto.com securing its first institutional funding round and MoonPay strengthening its payments stack through an acquisition. Bybit deepened its regulatory footprint with the launch of a licensed exchange in Indonesia, while Kraken broadened its derivatives offering with…