Digital asset are one of the products that institutional inventors are investing massively over the period of twenty- four months. From on-chain transactions as shared by coin-shares says that-Digital asset investment products saw inflows totaling US $34 6million last week, the largest weekly inflows in this 9 consecutive week run.
The anticipation of bitcoin ETF approval has been one of the catalyst since the bullish run since 2021. It’s quite notable that the king crypto bitcoin gotten the largest share from this institutional investment, Btc from it’s traded volume ETP volumes as a percentage of total spot Bitcoin volumes remain well above average, representing 18% last week, highlighting the continued increased use of ETPs to gain exposure to the asset class.
The market is overly pessimistic about the bullish outlook has not only first tier of digital asset and alternative tokens has faired greatly the past weeks. If you see this post on a Web2 ecosystem and you have no clue about what Leofinance is here is a brief definition;
LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.
Over here we refer to users as lions, so are you ready to be a lion here is my referral link See leoglossary for the terms used within this post also don’t forget in contributing to the pHBD-USDC pool, and from statistics it looks like we will be able to archive the set target in a few months, let’s do our own part in h growing the pHBD-USDC liquidity and also take out time to participate in the Leo power up challenge which happens every 15th of each month.
Let’s also connect on some of the web2 platform.
Twitter:Hironakamura
Posted Using InLeo Alpha
