Bitcoin prices fell 14% during the seven days through April 23, while ether rose 18%..
Investor appetite for digital asset investment products increased last week, with strong interest in XRP.
A trio of ether ETFs were approved by Canadian regulators last week.
Last week was the first week of no outflows across funds since mid-February.
CoinShares’ chief strategy officer says, “It’s vital we correct misinformation that has persisted about Bitcoin’s energy use and sources.”
Inflows to crypto funds jumped from a five-month low of $21 million the prior week.
Another bitcoin ETF is in the works for Canadian investors.
Assets under management at the now Nasdaq-listed CoinShares grew by over 300% in 2020.
No wonder cryptocurrency markets were so lackluster last week: There just wasn't much appetite from investors to put new money into funds.
Crypto fund flows are slowing, which could suggest investor uncertainty about BTC's price.
Now that CoinShares has gone public, more information about its shareholders is available.
The share price implies a market value for the cryptocurrency-focused investment firm of $860 million.
The Jersey-based investment firm said its offering was oversubscribed, garnering subscriptions for nearly $80 million.
Compass raised $1.7 million from a cadre of cryptocurrency businesses and investors.
This is the firm’s second such product after its "BITC" bitcoin ETP was listed on the SIX exchange in January.