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<p class="is-style-lead">In the final week of 2023, cryptocurrency investments surged with a $243 million inflow, reaching a yearly total of $2.2 billion, fueled by Bitcoin’s substantial 86% share and market optimism.</p> 
<p>James Butterfill, Head of Research at CoinShares, reported that Bitcoin (<a href="https://crypto.news/price/bitcoin/" data-type="link" data-id="https://crypto.news/price/bitcoin/">BTC</a>) dominated this surge, representing 86% with over $1.9 billion in inflows, followed by Solana’s (<a href="https://crypto.news/price/solana/" data-type="link" data-id="https://crypto.news/price/solana/">SOL</a>) at $167 million. However, multi-asset and <a href="https://crypto.news/price/bnb/" data-type="link" data-id="https://crypto.news/price/bnb/">BNB</a> exchange-traded products (ETP) defied the trend, experiencing net outflows of $18 million and $1 million, respectively.</p> 
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   <p lang="en" dir="ltr">The final week of 2023 saw US$243m of inflows into digital asset ETPs, bringing 2023 total flows to US$2.2bn. <a href="https://t.co/EtdHQWlu2K" target="_blank">pic.twitter.com/EtdHQWlu2K</a></p>— James Butterfill (@jbutterfill) <a href="https://twitter.com/jbutterfill/status/1742520412775350537?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">January 3, 2024</a>
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<p> You might also like: <a href="https://crypto.news/crypto-vs-traditional-finance/"> Crypto vs. traditional finance: what investments performed better in 2023 </a> </p> 
<p>Comparing the data to the previous year, 2023 exhibited increased inflows. In 2022, Bitcoin funds attracted $388 million, constituting 47.5% of the $816 million total, followed by multi-asset with $272 million, while <a href="https://crypto.news/tag/binance/" data-type="link" data-id="https://crypto.news/tag/binance/">Binance</a> faced an outflow of $24 million.</p> 
<p>The bullish trend for crypto fund products initiated around Sept. 29, ending a period where outflows dominated eight of the previous nine weeks. ETPs function as investment funds designed to track the price of specific assets, with crypto ETPs commonly mirroring major cryptocurrencies like Bitcoin or <a href="https://crypto.news/price/ethereum/" data-type="link" data-id="https://crypto.news/price/ethereum/">Ether</a>.</p> 
<p>Investors opting for exposure to crypto prices through funds rather than direct asset ownership can conveniently store shares in a traditional brokerage account. On Jan. 2, the price of Bitcoin <a href="https://crypto.news/bitcoin-breaks-the-45k-zone-indicator-suggests-a-further-rally/" data-type="link" data-id="https://crypto.news/bitcoin-breaks-the-45k-zone-indicator-suggests-a-further-rally/">surged past $45,000</a>, reaching a two-year high.</p> 
<p> Read more: <a href="https://crypto.news/k33-research-finds-institutional-bitcoin-investment-surge-amid-pending-etf-decisions/"> K33 Research finds institutional Bitcoin investment surge amid pending ETF decisions </a> </p>

CoinShares sees $2.2b influx in 2023 crypto product investments

crypto.news

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