CoinShares’ Twitter bot gives a ‘fair price’ on NFTs, some disagree
The bot is based on an algorithm that is focused on aggregating different data sets from OpenSea to determine the supposed “fair price” of an NFT.
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The bot is based on an algorithm that is focused on aggregating different data sets from OpenSea to determine the supposed “fair price” of an NFT.
Matrixport's head of strategy said he believes the market is currently in a "wait-and-see environment" but could shift after the U.S. mid-term elections in November.
CoinShares' head of research James Butterfill said the outflows come despite "the improved certainty of the Merge."
Bitcoin investment products, which include ETFs, ETPs and Grayscale’s GBTC, saw a third consecutive week of outflows.
The firm's book-making took a huge hit after being exposed to the TerraUSD collapse.
For the week ending July 15, ETH investment products posted $120 million worth of inflows, marking the largest weekly inflows for the asset since June 2021.
The new Algorand ETP joins a family of CoinShares’s staked ETPs featuring cryptocurrencies DOT, XTZ, ADA, SOL, ATOM and MATIC.
Professional investors are warming to Ethereum again as ETH-based funds see a third consecutive week of inflows.
Digital asset product inflows were dominated by the $51.4 million posted by short BTC funds last week, with ETH products generating the next highest figure at just $4.9 million.
CoinShares previously agreed to acquire the entire issued share capital in Napoleon Crypto SAS for $14.5 million in November 2021.