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 <p class="is-style-lead">In the first week of 2024, digital assets investment products witnessed a significant surge in capital inflows, amounting to $151 million.&nbsp;</p> 
 <p>According to CoinShares <a rel="dofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a>, since Grayscale’s victory over the SEC regarding their spot Bitcoin ETF application last year, the market cumulatively attracted $2.3 billion in <a rel="dofollow" title="inflows" href="https://thebittimes.com/tag/inflows.html">inflows</a>, equating to 4.4% of the total assets under management (AUM).</p> 
 <p>Despite Bitcoin ETF not being approved yet, American exchanges accounted for a substantial portion, 55%, of these <a rel="dofollow" title="inflows" href="https://thebittimes.com/tag/inflows.html">inflows</a>. European markets, specifically in Germany and Switzerland, also showed robust activity, contributing 21% and 17% of the <a rel="dofollow" title="inflows" href="https://thebittimes.com/tag/inflows.html">inflows</a>, respectively. The beginning of the year also marked a positive trend for blockchain equity <a rel="dofollow" title="investment" href="https://thebittimes.com/tag/investment.html">investment</a>s, with a notable $24 million influx in the past week.</p> 
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  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Bitcoin futures and implied volatility soars as the SEC’s ETF deadline closes 
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   <img decoding="async" width="722" height="445" src="https://cdn.thebittimes.com/images/2024/01/09/84b9740edfaf6f890236d8ba55a68765.webp" alt="Crypto-based investment products saw $151m inflows in 2024's first week - 1"> 
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   Source: CoinShares
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 <p>Bitcoin 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 <a rel="dofollow" title="investment" href="https://thebittimes.com/tag/investment.html">investment</a>s. 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.</p> 
 <p>Ethereum 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;</p> 
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  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> BTC predictions roundup: How much can BTC surge post Bitcoin ETF approval? 
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/crypto-based-investment-products-saw-151m-inflows-in-2024-s-first-week-tbt75941.html">https://thebittimes.com/crypto-based-investment-products-saw-151m-inflows-in-2024-s-first-week-tbt75941.html</a></p>

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

TheBitTimes

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