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Zawya
2 days ago
- Business
- Zawya
Crypto funds' assets hit record high as investors hedge and diversify
Assets held in crypto funds hit a record high in May as easing trade tensions lifted risk appetite and some investors used the digital currencies to hedge against market volatility and diversify from their U.S. holdings. Morningstar data on 294 crypto funds shows they attracted $7.05 billion in net inflows last month, the highest since December, bringing total assets under management to a record $167 billion. Nicolas Lin, CEO of fintech firm Aether Holdings, said bitcoin "is starting to come into its own again", not just as a high-volatility asset, but as something that more investors are using to hedge their exposure. Bitcoin has gained more than 15% over the past three months, outperforming a 3.6% rise in the MSCI World Index and a 13.3% gain for gold. Nic Puckri, analyst and founder of Coin Bureau, said one of the main drivers of bitcoin's rise is a loss of faith in the U.S. investment story. "The greenback is projected to keep plummeting, bond yields are rising, there's uncertainty about the equity markets. But bitcoin seems to be holding strong." Bitcoin has been buoyed by institutional inflows over the past year following the approval of spot bitcoin and ether ETFs in the United States. In contrast to the crypto funds, Lipper data showed a net $5.9 billion flowed out of global equity funds in May, while gold funds posted their first outflow in 15 months, of $678 million, pointing to a broader shift in portfolio diversification. "I think flows will stay strong, but probably more steady than the rush we saw after the ETFs launched," said Aether Holdings' Lin. "That initial wave was a bit of a release valve. What's happening now is more important, it's the start of crypto becoming a permanent fixture in diversified portfolios." According to Coinshares data, bitcoin funds attracted a net $5.5 billion and ether funds a net $890 million in May. (Reporting By Patturaja Murugaboopathy; additional reporting by Gaurav Dogra in Bengaluru; Editing by Vidya Ranganathan,Kirsten Donovan)
Reuters
3 days ago
- Business
- Reuters
Crypto funds' assets hit record high as investors hedge and diversify
June 9 (Reuters) - Assets held in crypto funds hit a record high in May as easing trade tensions lifted risk appetite and some investors used the digital currencies to hedge against market volatility and diversify from their U.S. holdings. Morningstar data on 294 crypto funds shows they attracted $7.05 billion in net inflows last month, the highest since December, bringing total assets under management to a record $167 billion. Nicolas Lin, CEO of fintech firm Aether Holdings, said bitcoin "is starting to come into its own again", not just as a high-volatility asset, but as something that more investors are using to hedge their exposure. Bitcoin has gained more than 15% over the past three months, outperforming a 3.6% rise in the MSCI World Index (.MIWO00000PUS), opens new tab and a 13.3% gain for gold. Nic Puckri, analyst and founder of Coin Bureau, said one of the main drivers of bitcoin's rise is a loss of faith in the U.S. investment story. "The greenback is projected to keep plummeting, bond yields are rising, there's uncertainty about the equity markets. But bitcoin seems to be holding strong." Bitcoin has been buoyed by institutional inflows over the past year following the approval of spot bitcoin and ether ETFs in the United States. In contrast to the crypto funds, Lipper data showed a net $5.9 billion flowed out of global equity funds in May, while gold funds posted their first outflow in 15 months, of $678 million, pointing to a broader shift in portfolio diversification. "I think flows will stay strong, but probably more steady than the rush we saw after the ETFs launched," said Aether Holdings' Lin. "That initial wave was a bit of a release valve. What's happening now is more important, it's the start of crypto becoming a permanent fixture in diversified portfolios." According to Coinshares data, bitcoin funds attracted a net $5.5 billion and ether funds a net $890 million in May.
CNA
3 days ago
- Business
- CNA
Crypto funds' assets hit record high as investors hedge and diversify
Assets held in crypto funds hit a record high in May as easing trade tensions lifted risk appetite and some investors used the digital currencies to hedge against market volatility and diversify from their U.S. holdings. Morningstar data on 294 crypto funds shows they attracted $7.05 billion in net inflows last month, the highest since December, bringing total assets under management to a record $167 billion. Nicolas Lin, CEO of fintech firm Aether Holdings, said bitcoin "is starting to come into its own again", not just as a high-volatility asset, but as something that more investors are using to hedge their exposure. Bitcoin has gained more than 15 per cent over the past three months, outperforming a 3.6 per cent rise in the MSCI World Index and a 13.3 per cent gain for gold. Nic Puckri, analyst and founder of Coin Bureau, said one of the main drivers of bitcoin's rise is a loss of faith in the U.S. investment story. "The greenback is projected to keep plummeting, bond yields are rising, there's uncertainty about the equity markets. But bitcoin seems to be holding strong." Bitcoin has been buoyed by institutional inflows over the past year following the approval of spot bitcoin and ether ETFs in the United States. In contrast to the crypto funds, Lipper data showed a net $5.9 billion flowed out of global equity funds in May, while gold funds posted their first outflow in 15 months, of $678 million, pointing to a broader shift in portfolio diversification. "I think flows will stay strong, but probably more steady than the rush we saw after the ETFs launched," said Aether Holdings' Lin. "That initial wave was a bit of a release valve. What's happening now is more important, it's the start of crypto becoming a permanent fixture in diversified portfolios." According to Coinshares data, bitcoin funds attracted a net $5.5 billion and ether funds a net $890 million in May.
Yahoo
25-05-2025
- Business
- Yahoo
Bitcoin, Dogecoin Green But XRP Struggling On Wednesday Morning
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Cryptocurrency markets are stable on Wednesday morning, with Bitcoin retreating to $106,000 after tapping $108,000 during Asia trading Price Gains +/- Bitcoin (CRYPTO: BTC) $106,244.58 +0.95% Ethereum (CRYPTO: ETH) $2,519.57 +0.13% Solana (CRYPTO: SOL) $168.03 +0.7% XRP (CRYPTO: XRP) $2.33 -0.6% Dogecoin (CRYPTO: DOGE) $0.2251 +1.9% Shiba Inu (CRYPTO: SHIB) $0.00001443 +1.1% Notable Statistics: IntoTheBlock data shows Bitcoin and Ethereum daily active addresses increased by 5.5% and 6.4%, respectively. BTC's large transaction volume went up by 10%. Coinglass data shows 90,882 traders were liquidated in the past 24 hours for $257.09 million. SoSoValue data shows $329 million in net inflows into spot Bitcoin ETFs and $64.9 million net inflows into spot Ethereum ETFs. Trader Notes: Nic Puckrin, co-founder of CoinBureau, noted a wave of limit orders above $107,500 caused a sharp rejection at $108,000. He warned that the road to new all-time highs would remain volatile. Trending: — no wallets, just price speculation and free paper trading to practice different also highlighted that $1.01 billion in short positions are set to be liquidated at $108,000. If triggered, these shorts could fuel a rapid BTC surge as bears are forced to buy back into the market. Dogecoin continues to defy broader market inertia. Javon Marks compared the current cycle to previous bull runs and projected a 215% rally, taking DOGE to a minimum of $0.73905. IncomeSharks remains bullish on Ethereum, sticking to a $3,000 target—and even eyeing $4,000, provided the $2,515 support holds. He admitted his only regret is not being more bullish on ETH earlier. Crypto Bitlord made a bold prediction: "If Bitcoin hits $400,000, then XRP at $80 becomes not just possible, but easy." He dismissed ETH and Solana as "too safe," suggesting they won't produce the generational wealth this cycle could offer. Read Next: New to crypto? Get up to $400 in rewards for successfully completing short educational courses and making your first qualifying trade on Coinbase. A must-have for all crypto enthusiasts: Sign up for the Gemini Credit Card today and earn rewards on Bitcoin Ether, or 60+ other tokens, with every purchase. Send To MSN: Send to MSN This article Bitcoin, Dogecoin Green But XRP Struggling On Wednesday Morning originally appeared on Sign in to access your portfolio
Yahoo
11-05-2025
- Business
- Yahoo
Bitcoin, Ethereum, XRP Surge As Experts Predict BTC To $112,000 Soon
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Bitcoin (CRYPTO: BTC) is pushing toward the $100,000 mark once again, with analysts forecasting a potential breakout to $112,000 and beyond, while warning that altcoins remain structurally weak amid rising dominance and macro shifts favoring BTC. What Happened: At the time of writing, Bitcoin trades at $99,350, up 2.5% in the last 24 hours after hitting a session high of $99,868. The broader crypto market is showing signs of bullishness, with Ethereum (CRYPTO: ETH) climbing 7.5% to $1,965, Solana (CRYPTO: SOL) up 5.4%, BNB (CRYPTO: BNB) gaining 1% and XRP (CRYPTO: XRP) rising 4%. Still, the divergence between Bitcoin and altcoins remains stark. Trending: — no wallets, just price speculation and free paper trading to practice different strategies. What Experts Are Saying: According to Nic Puckrin, analyst and founder of The Coin Bureau, Bitcoin's current momentum is driven more by geopolitical developments than monetary policy. "Markets this morning are reacting to President Donald Trump's hint at a major UK trade deal, not Fed policy," he said. "If the announcement is concrete, today could be the day BTC cracks $100,000 again." Puckrin added a note of caution for short-term traders. "BTC is rallying on low volume, and if Trump's announcement lacks specifics, we could see volatility spike." Longer term, however, Puckrin remains optimistic. "ETF inflows remain strong, and legislative momentum like reserve bills in New Hampshire and Arizona, continues to build. Add to that China's recent liquidity moves, and it's shaping up to be a very strong month for Bitcoin." Technical signals also point to more upside. FxPro's chief market analyst Alex Kuptsikevich noted that the crypto market has broken above its 200-day moving average and now targets $3.2 trillion in total market cap. "Bitcoin reaching $99,000 sets up a Fibonacci extension that could push it past $112,000, with broader upside aiming toward $162,000," he said. That bullishness stands in stark contrast to the altcoin sector, which has been heavily under Next: According to a new report from 10x Research, the top 140 altcoins are down an average of 58% since their December 2024 peak, while Bitcoin has dropped just 3% over the same period. The divergence, analysts say, is explained by a mix of supply gluts and lackluster narratives. "$57 billion in annual token unlocks have overwhelmed demand," the report notes. "With venture capital tightening and no breakout use case, altcoins are stuck in a structural downtrend." As a result, Bitcoin dominance has surged to 64.5%, the highest since ETF approvals began, while Ethereum gas fees have fallen from 16 Gwei to just 3 Gwei, highlighting collapsed on-chain activity. Even as major altcoins show modest daily gains, their cumulative performance paints a more fragile picture. Meanwhile, $376 million in liquidations over the past 24 hours, $86 million in longs and $290 million in shorts, suggest ongoing volatility as traders adjust to the new market structure. Read Next: New to crypto? Get up to $400 in rewards for successfully completing short educational courses and making your first qualifying trade on Coinbase. A must-have for all crypto enthusiasts: Sign up for the Gemini Credit Card today and earn rewards on Bitcoin Ether, or 60+ other tokens, with every purchase. Image: Shutterstock Send To MSN: Send to MSN This article Bitcoin, Ethereum, XRP Surge As Experts Predict BTC To $112,000 Soon originally appeared on Sign in to access your portfolio
