NFT News Daily Today TheBitTimes.com

Bitcoin products saw $55.3 million in inflows, short bitcoin products recorded $1.7 million. BTC price rose to highs above $35k amid speculation around a spot Bitcoin ETF. In altcoins, Solana (SOL) saw inflows of $15.5 million but Ethereum saw $7.4 million in outflows. Crypto products have registered institutional inflows for a fourth consecutive week, with Bitcoin seeing the most inflows amid its recent price spike. Today, the leading digital asset saw its price rise sharply to above $35k, suggesting the trend is likely to continue as sentiment slowly shifts towards a solid bullish outlook. $66 million in inflows last week It appears institutional appetite for crypto investment products is hitting new levels as more people pour money into crypto funds. A report by digital asset manager CoinShares shows that cryptocurrencies are on a four-week streak of inflows, with Bitcoin accounting for the largest share of that with 84%. While Bitcoin products recorded...

Coinbase has introduced a web3 wallet through its Coinbase Prime division, aiming to provide institutional clients with secure access to crypto, NFTs, and defi applications. Coinbase, the biggest US-based crypto exchange, diversified its offerings on Tuesday with a web3 wallet designed for institutional clients. Introduced through its Coinbase Prime division, the wallet plans to provide an entry point for professional organizations into non-fungible tokens (NFTs) and the broader landscape of decentralized finance (defi). Web3 made simple for institutions Introducing Coinbase Prime Web3 Wallet pic.twitter.com/qoSkJbc5EX — Coinbase Institutional ️ (@CoinbaseInsto) September 12, 2023 The wallet allows institutional clients to access and manage a variety of digital assets, including cryptocurrencies, NFTs, and decentralized applications (dapps). While retail consumers have been active in these decentralized ecosystems for some time, institutions are only now starting to engage...