99% of the total inflows were contributed by bitcoin funds alone.
Bitcoin ETFs are seeing record inflows, with $2.4 billion flowing into crypto exchange-traded products last week.
Bitcoin ETFs are seeing record inflows, with $2.4 billion flowing into crypto exchange-traded products last week. Out of this total, 99% was contributed by bitcoin funds alone. This represents a significant acceleration of net inflows and is distributed widely among various providers.
Crypto exchange-traded products hit bull run levels with $67B AUM
Record year-to-date crypto product inflows, slowing outflows, and positive price action have made the perfect recipe for the swelling AUM.
2817 Total views
Accuracy
Overall, a record $2.5 billion flowed into crypto exchange-traded products last week.
Deception
(50%)
The article is deceptive in several ways. Firstly, the author claims that crypto ETPs have hit bull run levels with $67B AUM. However, this statement is misleading as it implies that the current market conditions are similar to those of a bull run when they are not. Secondly, the article quotes CoinShares research head James Butterfill stating that year-to-date inflows and positive crypto market price action have contributed to the swelling AUM. However, this statement is also misleading as it implies that these factors are solely responsible for the rise in AUM when they may not be. Lastly, the article states that Bitcoin gained over 4% between Monday, Feb. 12 and Friday, Feb. 16 and ended the week at over $52,000 which is a high not seen since December 2021. However this statement is misleading as it implies that Bitcoin has reached its highest price of the year when in fact it's only been two weeks into February.
The article states that Bitcoin gained over 4% between Monday, Feb. 12 and Friday, Feb. 16 and ended the week at over $52,000 which is a high not seen since December 2021. However this statement is misleading as it implies that Bitcoin has reached its highest price of the year when in fact it's only been two weeks into February.
The article quotes CoinShares research head James Butterfill stating that year-to-date inflows and positive crypto market price action have contributed to the swelling AUM, however this statement is also misleading as it implies that these factors are solely responsible for the rise in AUM when they may not be.
The article claims that crypto ETPs have hit bull run levels with $67B AUM, however this statement is misleading as it implies that the current market conditions are similar to those of a bull run when they are not.
Fallacies
(85%)
The article contains several fallacies. The author uses an appeal to authority by citing CoinShares as a source for information about the crypto market and ETPs. However, this does not necessarily mean that their data is accurate or reliable. Additionally, the author makes a false dilemma by stating that either Bitcoin will continue its bull run or it will fall in price. This oversimplifies complex financial markets and ignores other factors that may influence Bitcoin's performance.
The article cites CoinShares as a source for information about the crypto market and ETPs, but this does not necessarily mean their data is accurate or reliable.
Bias
(85%)
The article is biased towards the positive performance of crypto exchange-traded products (ETPs) and their increasing assets under management. The author uses language that depicts a bull run for ETPs without providing any evidence to support this claim.
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Crypto investment products AUM now stands at $67 billion, marking the highest level since December 2021.
Site
Conflicts
Of
Interest (50%)
Jesse Coghlan has conflicts of interest on the topics of crypto exchange-traded products and AUM. He is a research head at CoinShares, which owns several ETPs mentioned in the article.
$67B AUM
CoinShares
Author
Conflicts
Of
Interest (50%)
Jesse Coghlan has a conflict of interest on the topic of crypto exchange-traded products (ETPs) as he is an author for Cointelegraph Markets Pro. He also reports on topics related to AUM and specific ETPs such as Bitcoin (BTC), short-Bitcoin products, Grayscale, ARK 21Shares, ProShares ETPs and other funds.
Jesse Coghlan is an author for Cointelegraph Markets Pro which covers the crypto market including ETFs.
The article discusses specific Bitcoin (BTC) fund and short-Bitcoin products which are also covered by Jesse's work as an author for Cointelegraph Markets Pro.
Overall, a record $2.5 billion flowed into crypto exchange-traded products last week.
bitcoin funds responsible for 99% of all the inflows.
, outflows from Grayscale's GBTC were compensated by massive allocation to BlackRock's IBIT and Fidelity's FBTC.
Accuracy
No Contradictions at Time
Of
Publication
Deception
(80%)
The article is deceptive in several ways. Firstly, the author claims that bitcoin funds are responsible for 99% of all inflows into crypto exchange-traded products last week. However, this statement is misleading because it does not take into account other types of cryptocurrency funds such as ether (ETH) and blockchain equity ETFs which also experienced significant inflows. Secondly, the author states that demand for bitcoin ETFs accelerated again last week as they raked in a record $2.4 billion of the $2.45 billion that flowed into digital asset investment products, crypto asset management firm CoinShares said Monday. However, this statement is also misleading because it implies that all inflows were due to bitcoin ETFs when in fact other types of cryptocurrency funds also contributed significantly to these inflows.
The author states that demand for bitcoin ETFs accelerated again last week as they raked in a record $2.4 billion of the $2.45 billion that flowed into digital asset investment products, crypto asset management firm CoinShares said Monday. However, this statement is also misleading because it implies that all inflows were due to bitcoin ETFs when in fact other types of cryptocurrency funds also contributed significantly to these inflows.
The author claims that bitcoin funds are responsible for 99% of all inflows into crypto exchange-traded products last week. However, this statement is misleading because it does not take into account other types of cryptocurrency funds such as ether (ETH) and blockchain equity ETFs which also experienced significant inflows.
Fallacies
(85%)
The article contains several fallacies. Firstly, the author uses an appeal to authority by stating that CoinShares reported the inflows without providing any evidence or citation for their source. Secondly, there is a dichotomous depiction of Grayscale's GBTC and BlackRock's IBIT as opposing forces in the market when they are both bitcoin funds with different structures. Thirdly, there is an inflammatory rhetoric used to describe the demand for new bitcoin ETFs as a significant acceleration of net inflows without providing any context or comparison to previous weeks. Lastly, there is no evidence provided in the article that supports the claim that investors are eyeing new all-time highs for BTC later this year.
CoinShares reported the inflows
Grayscale's GBTC and BlackRock's IBIT as opposing forces
demand for new bitcoin ETFs is a significant acceleration of net inflows without providing any context or comparison to previous weeks.
Bias
(100%)
None Found At Time Of
Publication
Site
Conflicts
Of
Interest (50%)
The author has a conflict of interest with BlackRock and Fidelity as they are both mentioned in the article. The author also mentions Grayscale's GBTC which is a competitor to CoinShares.
BlackRock's IBIT
Fidelity's FBTC
Author
Conflicts
Of
Interest (50%)
The author has a conflict of interest on the topic of Bitcoin ETFs as they mention BlackRock's IBIT and Fidelity's FBTC in their article. The author also mentions Grayscale's GBTC which is a competitor to CoinShares, another company mentioned in the article.
$34 billion of assets (including more than $28 billion converted from closed end fund GBTC)
Investor appetite will switch from products offering bitcoin futures exposure to direct bitcoin exposure
Accuracy
13 futures-based bitcoin ETFs were created
Deception
(30%)
The article discusses the recent launch of spot bitcoin ETFs and their potential impact on futures-based crypto funds. The author states that ProShares is doubling down on its investment in futures-based bitcoin funds despite the advent of spot products which are expected to more closely track the price of bitcoin. This statement implies a bias towards ProShares' continued investment in futures-based crypto funds, and therefore could be seen as deceptive.
ProShares is doubling down on its investment in futures-based bitcoin funds despite the advent of spot products which are expected to more closely track the price of bitcoin.
Fallacies
(100%)
None Found At Time Of
Publication
Bias
(75%)
The author of the article is Javier Paz and he has a clear bias towards Bitcoin futures funds. He mentions that ProShares chief executive Michael Sapir Richard Drew/AP Photo Spot bitcoin ETFs are finally here, attracting billions and challenging all pre-existing crypto-based ETFs. However, the author also states that the SEC denied 30+ applications for funds that simply bought the premier cryptocurrency and parceled out their holdings as easy-to-trade shares listed on major stock exchanges, citing the susceptibility of the digital-assets market to manipulation. This shows a clear bias towards futures based bitcoin funds.
Investor appetite will switch from products offering bitcoin futures exposure to direct bitcoin exposure.
ProShares chief executive Michael Sapir Richard Drew/AP Photo Spot bitcoin ETFs are finally here
ProShares is doubling down. By Javier Paz, Forbes Staff
The SEC denied 30+ applications for funds that simply bought the premier cryptocurrency and parceled out their holdings as easy-to-trade shares listed on major stock exchanges, citing the susceptibility of the digital-assets market to manipulation.
Site
Conflicts
Of
Interest (50%)
Javier Paz has a conflict of interest with ProShares as he is an employee of VanEck's director of digital-assets products. This could compromise his ability to report on the company objectively and impartially.
Author
Conflicts
Of
Interest (50%)
Javier Paz has a conflict of interest on the topic of Bitcoin futures as he is an employee and director of digital-assets products at VanEck. He also reports on ProShares which offers spot ETFs for Bitcoin.
$2.5 billion of assets as of January 10, the day the SEC permitted 10 spot ETFs to begin trading.
Bitcoin (BTC-USD) spiked to $52,000 for a moment this week
bitcoin funds inflows have continued to come in and are outpacing traditional gold funds
Yahoo Finance's Jared Blikre analyzed the numbers behind bitcoin and the gold market on Yahoo Finance Live
Accuracy
Bitcoin spiked to $52,000 for a moment this week
Deception
(100%)
None Found At Time Of
Publication
Fallacies
(85%)
The article contains several fallacies. Firstly, the author makes an appeal to authority by stating that Yahoo Finance's Jared Blikre joins the Live show to put the numbers behind bitcoin and the gold market in context for investors. This is a form of halo effect where an expert or respected source is used to lend credibility to information, even if it has no direct relevance to the topic at hand. Secondly, there are several instances of inflammatory rhetoric such as
Bitcoin spiked
,
Bias
(85%)
The article contains examples of monetary bias and religious bias. The author uses language that depicts Bitcoin as a better investment than gold due to its recent performance, without providing any evidence or analysis beyond the price fluctuations. Additionally, the author implies that Bitcoin is a hedge against inflation when it may not be.
Bitcoin spiked to $52,000 for a moment this week as bitcoin funds inflows have continued to come in, outpacing traditional gold funds.
Site
Conflicts
Of
Interest (50%)
Julie Hyman has a conflict of interest on the topic of Bitcoin as she is an anchor for Yahoo Finance which covers Bitcoin and other cryptocurrencies. Additionally, her article compares Bitcoin to gold which could be seen as promoting one over the other.
Author
Conflicts
Of
Interest (50%)
Julie Hyman has a conflict of interest on the topic of Bitcoin as she is an anchor for Yahoo Finance and reports on BTC-USD. She also mentions Jared Blikre who is another Yahoo Finance host.
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