CBBC Bank: Lack of strong institutional funding inflows in cryptocurrency

Sina Finance News on March 31st, Shen Bao Bank analysts stated in a report that the lack of strong institutional inflows is hindering the sustained rise of cryptocurrencies. They mentioned that positions in the options market still remain defensive. Investors continue to buy put options on investment targets such as Coinbase and iShares Bitcoin Trust ETF, as protection against the downside risks of cryptocurrency-related stocks and ETFs. However, there are also cases of selectively buying long-term call options in certain investment targets like Strategy. The flow of funds in ETFs remains mixed, with a mild inflow into Bitcoin ETFs but outflows from Ethereum ETFs. Data from the London Stock Exchange Group shows that Bitcoin is stable at $66,627, while Ethereum rises by 0.7% to $2,036.