Ethereum

Cardano

Solana

Bitcoin ETF

Read

In the first week of 2024, digital assets investment products witnessed a significant surge in capital inflows, amounting to $151 million.&nbsp; 
According to <a href="https://blog.coinshares.com/volume-164-digital-asset-fund-flows-weekly-report-1df57aabb9c5" target="_blank" rel="noopener">CoinShares</a> analysis, since Grayscale’s victory over the SEC regarding their spot <a href="https://crypto.news/bitcoin-futures-implied-volatility-sec-etf-deadline/">Bitcoin ETF</a> application last year, the market cumulatively attracted $2.3 billion in inflows, equating to 4.4% of the total assets under management (AUM). 
Despite Bitcoin ETF not being approved yet, American exchanges accounted for a substantial portion, 55%, of these inflows. European markets, specifically in Germany and Switzerland, also showed robust activity, contributing 21% and 17% of the inflows, respectively. The beginning of the year also marked a positive trend for blockchain equity investments, with a notable $24 million influx in the past week. 
 You might also like: <a href="https://crypto.news/bitcoin-futures-implied-volatility-sec-etf-deadline/"> Bitcoin futures and implied volatility soars as the SEC’s ETF deadline closes </a> 
<figure class="wp-block-image size-full is-resized">
 <img loading="lazy" decoding="async" width="722" height="445" src="https://crypto.news/app/uploads/2024/01/Screenshot-2024-01-07-145048.png" alt="Crypto-based investment products saw $151m inflows in 2024's first week - 33" class="wp-image-14235641" style="width: 100%;height:auto">
 <figcaption class="wp-element-caption">
 Source: <a href="https://blog.coinshares.com/volume-164-digital-asset-fund-flows-weekly-report-1df57aabb9c5" target="_blank" rel="noopener">CoinShares</a>
 </figcaption>
</figure> 
<a href="https://crypto.news/price/bitcoin/">Bitcoin</a> emerged as the frontrunner in this rally, attracting $113 million in capital. This figure represents 3.2% of Bitcoin’s total AUM over the past nine weeks. In contrast, the year’s first week saw a $1 million outflow from short-Bitcoin investments. This trend contradicts the anticipated ‘buy the rumor, sell the news’ reaction expected with the potential launch of a U.S. ETF, as evidenced by the $7 million outflow from short-Bitcoin ETPs over the last nine weeks. 
<a href="https://crypto.news/price/ethereum/">Ethereum</a> also experienced a positive shift in investor sentiment, garnering $29 million in inflows, which adds up to $215 million over the last nine weeks. On the other hand, Solana faced a less favorable start to the year, with outflows reaching $5.3 million. Cardano also caught investors’ attention, with inflows of $3.7 million.&nbsp; 
 Read more: <a href="https://crypto.news/bitcoin-etf-forecast/"> BTC predictions roundup: How much can BTC surge post Bitcoin ETF approval? </a>

Crypto-based investment products saw $151m inflows in 2024’s first week

crypto.news

Other articles published on Jan 8, 2024

Cryptocurrency Miner Argo Blockchain Raises Nearly $10M in Share Sale

3 ‘No Risk’ Tokens To Buy for a Quick 5X in 2024

How to Buy Hive Coin?

Bitcoin ETF approval nears: Experts predict 95% chance of success

Solana drops below $90, new altcoin emerges as alternative

The Heist: Hackers Stole 4.5 M USDT and Other Cryptocurrencies

Join our free newsletter for daily crypto updates!