2024

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 <p class="is-style-lead">In the final week of 2023, <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency <a rel="noopener noreferrer nofollow" title="investments" href="https://thebittimes.com/tag/investments.html">investments</a> 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 (BTC) dominated this surge, representing 86% with over $1.9 billion in inflows, followed by Solana’s (SOL) at $167 million. However, multi-asset and BNB 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. pic.twitter.com/EtdHQWlu2K</p>— James Butterfill (@jbutterfill) January 3, 2024
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  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Crypto vs. traditional finance: what investments performed better in 2023
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 <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 Binance faced an outflow of $24 million.</p>
 <p>The bullish trend for <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> fund products initiated around Sept. 29, ending a period where outflows dominated eight of the previous nine weeks. ETPs function as <a rel="noopener noreferrer nofollow" title="investment" href="https://thebittimes.com/tag/investment.html">investment</a> funds designed to track the price of specific assets, with <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> ETPs commonly mirroring major <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currencies like Bitcoin or Ether.</p>
 <p>Investors opting for exposure to <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> prices through funds rather than direct asset ownership can conveniently store shares in a traditional brokerage account. On Jan. 2, the price of Bitcoin surged past $45,000, reaching a two-year high.</p>
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  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> K33 Research finds institutional Bitcoin investment surge amid pending ETF decisions
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/coinshares-sees-2-2b-influx-in-2023-crypto-product-investments-tbt75494.html">https://thebittimes.com/coinshares-sees-2-2b-influx-in-2023-crypto-product-investments-tbt75494.html</a></p>

CoinShares sees $2.2b influx in 2023 crypto product investments

TheBitTimes

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