MM Book

Crypto exchange-traded products (ETPs) saw their largest weekly inflows in more than a year, according to an Oct. 30 report from asset management platform CoinShares. Inflows were $326 million for the week ending Oct. 27, dwarfing the $66 million recorded over the previous week. ETPs are investment funds whose notes or shares are designed to track the price of a particular asset. In the case of crypto ETPs, they usually track the price of large market-cap cryptocurrencies such as Bitcoin  BTC tickers down $34,227  or Ether  ETH tickers down $1,797 Some investors prefer to get exposure to crypto prices through funds rather than holding these assets themselves, as shares of these funds can be held in a traditional brokerage account. An ETP “inflow” occurs when the fund’s price rises faster than its underlying asset, which causes the fund to buy the asset. This is generally seen as bullish for the underlying asset. By contrast, an “outflow” occurs when the fund has to sell the asset becau

The cryptocurrency rocketed from just over $5,000 each during the start of the pandemic to nearly $68,000 in November 2021, according to FactSet, during an era of massive tech growth. Prices came back down to earth during an aggressive series of rate hikes from the Federal Reserve as it battled inflation, and then the collapse of one of the biggest companies in crypto, FTX. When 2023 began, a single bitcoin could be had for less than $17,000 after losing more than 75% of its value. Investors, however, began returning in large numbers this year as inflation started to cool. And the collapse of prominent tech-focused banks actually led more investors to turn to crypto as they bailed out of positions in Silicon Valley start-ups and other more risky bets. Now, bitcoin is getting another boost on the prospects of creating a much larger pool of investors. Industry advocates say a new way to invest in bitcoin at spot prices, instead of futures, could make it easier for anyone to enter the cry