# Capital Inflow Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Capital Inflow", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

Wintermute: After ETFs and DATs, RWAs May Fuel the Next Bull Market

Wintermute's analysis posits that Real-World Asset (RWA) tokenization could become the primary channel for new capital flows into the cryptocurrency market, potentially fueling the next major bull cycle. The article observes that past bull markets were driven by the emergence of new, dedicated capital channels: Venture Capital/Token Sales (2017-18), Stablecoins (2020-21), and Spot ETFs/Digital Asset Treasuries (DATs) (2024-25). Each initially provided significant one-way capital inflows, but eventually matured into regularized infrastructure. Currently, with ETF flows stabilizing and DATs trading near NAV, these older channels have receded, leaving a gap for new incremental capital. While still nascent, RWA is identified as the only growth channel amidst this contraction. Over the past year, tokenized assets like U.S. Treasuries and money market funds grew to over $30 billion, even during stablecoin supply contractions. Crucially, the author reframes RWA not just as "assets on-chain" but as "liquidity on-chain." Unlike previous channels that directed capital to specific crypto assets, RWA first brings traditional institutional capital onto the blockchain. Once there, it gains the potential to flow more freely into the broader crypto ecosystem as cross-market infrastructure improves. Key catalysts include evolving regulations and market infrastructure, such as tokenized securities being accepted as collateral in DeFi. This could unlock capital parked in tokenized funds for wider use. If RWA scales, it could drive a more sustained and structurally sound bull market compared to previous cycles, as the capital is institutionally oriented. However, its current scale is an order of magnitude smaller than prior channels at their peak, and its success depends on whether this on-chain institutional capital actively moves beyond its initial closed vehicles into DeFi and other crypto markets.

marsbit09/03 03:32

Wintermute: After ETFs and DATs, RWAs May Fuel the Next Bull Market

marsbit09/03 03:32

U.S. Financial Risks Benefit Gold and Bitcoin! Record Capital Inflow Over the Last Five Trading Days! Here's All the Data

Concerns over U.S. fiscal prospects and growing government debt are driving investors towards both gold and Bitcoin. Over the last five trading days, a record $7 billion flowed into gold and Bitcoin ETFs. Approximately $3.4 billion entered the SPDR Gold Shares (GLD) fund, while BlackRock's spot Bitcoin ETF (IBIT) saw around $1.5 billion in inflows, placing both among the top ten U.S. ETFs by weekly capital inflow. Bloomberg notes the simultaneous strong inflows into both assets as particularly remarkable, a shift from past behavior where investors typically favored gold as a safe haven during market stress. Recent investor behavior has changed due to expectations of increased U.S. government borrowing, concerns about the dollar, and policies aimed at lowering long-term interest rates, boosting demand for assets with limited supply. The concurrent rise in the value of gold and Bitcoin indicates investors are turning to alternative assets to hedge against risks within the traditional financial system, especially amid heightened debates on U.S. debt sustainability. Experts suggest this strong ETF inflow may signal that institutional investors are increasingly viewing Bitcoin as a portfolio diversification tool similar to gold, though Bitcoin's high price volatility means the risk profiles of the two assets remain significantly different.

cryptonews.ru08/27 07:33

U.S. Financial Risks Benefit Gold and Bitcoin! Record Capital Inflow Over the Last Five Trading Days! Here's All the Data

cryptonews.ru08/27 07:33

Ethena's USDe Captures 43% of Stablecoin Supply on Robinhood Chain for Capital Placement

USDe from Ethena has rapidly become the primary source of dollar liquidity on the Robinhood Chain, surging from about $17 million a month ago to roughly $253 million, accounting for nearly 43% of the network's total stablecoin volume. This synthetic dollar, which maintains its value through crypto assets and offsetting derivatives positions, indicates that incoming capital is seeking more than just a trading venue. It reflects a broader shift where crypto investors are using stablecoins for DeFi, collateral, and yield strategies. Robinhood Chain, an Ethereum L2, is seeing its dollar base shift towards yield-bearing assets. Unlike traditional stablecoins like Paxos's USDG, USDe is a synthetic dollar that does not inherently pay yield; users must stake it to earn rewards via sUSDe within Ethena's delta-neutral framework. Analysts view the rapid inflow as capital being deposited within the network, not just transiting through it, potentially boosting lending and trading activities even without user growth. While transaction activity has spiked—averaging about 11.6 million daily transactions, up 30% weekly—daily active accounts have grown only modestly and remain below July peaks. Currently, memecoins like $CASHCAT dominate over 99% of trading volume, driving speculation rather than the platform's long-term focus on tokenized securities. The key challenge for Robinhood will be converting this initial speculative activity into sustainable, long-term financial transactions aligned with its tokenization strategy.

cryptonews.ru08/12 12:11

Ethena's USDe Captures 43% of Stablecoin Supply on Robinhood Chain for Capital Placement

cryptonews.ru08/12 12:11

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