{"id":140009,"date":"2021-09-28T06:29:11","date_gmt":"2021-09-28T06:29:11","guid":{"rendered":"https:\/\/precoinnews.com\/?p=140009"},"modified":"2021-09-28T06:29:11","modified_gmt":"2021-09-28T06:29:11","slug":"bitcoin-investors-see-chinas-crypto-ban-as-a-buying-opportunity","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/bitcoin-investors-see-chinas-crypto-ban-as-a-buying-opportunity\/","title":{"rendered":"Bitcoin Investors See China\u2019s Crypto Ban as a Buying Opportunity"},"content":{"rendered":"

Bitcoin investors around the world are not worried about the latest crypto ban from China. In fact, institutional investors have increased the accumulation of the world\u2019s largest crypto asset.<\/p>\n

According to the recent digital asset weekly fund flows report published by CoinShares, Bitcoin investment products attracted $50 million worth of inflows last week. Ethereum, the world\u2019s second most valuable digital asset, saw inflows worth $29 million during the same period.<\/p>\n

Apart from Bitcoin and Ethereum, several other digital currencies including Solana (SOL), Cardano (ADA), and Polkadot (DOT) also attracted substantial inflows last week. Overall, digital asset investment products saw inflows worth $95 million during the recent week.<\/p>\n

\u201cBitcoin saw the largest inflows of any investment product, totaling US$50m, although, it has experienced the brunt of negative investor sentiment over the last two quarters. Last week marks only the 4th week of inflows out of the last 17. Ethereum followed Bitcoin with inflows totaling US$29m last week. Sentiment has remained relatively buoyant for Ethereum as the amount staked to Eth 2.0 progresses,\u201d the report mentioned.<\/p>\n

Since the start of 2021, the total value of Bitcoin-related investment products has increased significantly. Grayscale, the world\u2019s largest cryptocurrency asset manager, now has more than $28 billion worth of BTC assets under management.<\/p>\n

Bitcoin vs Altcoins<\/h2>\n

In terms of institutional investment, Bitcoin is still the preferred cryptocurrency of global investors. However, other digital assets including Ethereum, Solana, Cardano, and XRP saw a significant jump in the overall market share during the last 8 months. \u201cFrom an asset under management (AuM) perspective, both Solana and Polkadot continue to see outsized inflows totaling US$3.9m and US$2.4m, representing4.5% and 3.2%of AuM respectively,\u201d CoinShares added.<\/p>\n

The overall market cap of cryptocurrencies saw a sharp drop in the last 24 hours. Bitcoin dropped below $43,000 while Ethereum touched a low of $2,910. Cardano, Binance Coin, XRP, and Solana also dipped during the mentioned period.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin investors around the world are not<\/p>\n","protected":false},"author":3,"featured_media":140008,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nBitcoin Investors See China\u2019s Crypto Ban as a Buying Opportunity - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/bitcoin-investors-see-chinas-crypto-ban-as-a-buying-opportunity\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Investors See China\u2019s Crypto Ban as a Buying Opportunity - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Bitcoin investors around the world are not\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/bitcoin-investors-see-chinas-crypto-ban-as-a-buying-opportunity\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-28T06:29:11+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/09\/Bitcoin-Investors-See-Chinas-Crypto-Ban-as-a-Buying-Opportunity.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/bitcoin-investors-see-chinas-crypto-ban-as-a-buying-opportunity\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/bitcoin-investors-see-chinas-crypto-ban-as-a-buying-opportunity\/\",\"name\":\"Bitcoin Investors See China\u2019s Crypto Ban as a Buying Opportunity - 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