United

Bitcoin ETF

Bitcoin

The influx of investment products into digital assets amounted to $1.18 billion. 
Despite the launch of the Bitcoin ETF, capital inflows of $1.18 billion did not break the October 2021 record of $1.5 billion, according to a <a href="https://blog.coinshares.com/volume-165-digital-asset-fund-flows-weekly-report-32a1e5e9e197" target="_blank" rel="noopener">CoinShares report</a>. 
At the same time, trading volumes have broken records, with trading volume of $17.5 billion last week, the highest ever, compared with an average of $2 billion per week in 2022. These trading volumes accounted for almost 90% of the daily trading volumes on trusted exchanges on January 12. 
Geographically, experts added that in the United States last week there was an inflow of funds in the amount of $1.24 billion. Countries such as Germany, Canada and Sweden recorded an outflow. Analysts believe that this distribution of funds occurred due to the desire of traders to switch from Europe to the United States. 
Bitcoin (<a href="https://crypto.news/price/bitcoin/">BTC</a>) inflows were $1.16 billion, Ethereum (<a href="https://crypto.news/price/ethereum/">ETH</a>) inflows were $26 million, and <a href="https://crypto.news/price/xrp/">XRP</a> inflows were $2.2 million. Solana (<a href="https://crypto.news/price/solana/">SOL</a>) was a notable exception, receiving just $0.5 million in inflows last week. 
<blockquote class="wp-block-quote"> 
 “Blockchain equities also saw large inflows totaling $98m, bringing total inflows over the last seven weeks to $608m.” <cite>CoinShares report</cite>
</blockquote> 
In the period from Jan. 1 to Jan. 5, the inflow of funds into crypto funds <a href="https://crypto.news/crypto-based-investment-products-saw-151m-inflows-in-2024s-first-week/">amounted</a> to $151 million. Analysts also emphasized that the total inflow of funds since the trial between Grayscale and the SEC reached $2.3 billion. 
 Read more: <a href="https://crypto.news/pantera-vaneck-investment-spot-bitcoin-etf/"> Pantera, VanEck prepare to make investments following spot Bitcoin ETF approval </a>

Crypto investment products get $1.18b inflows amid spot Bitcoin ETF launch

crypto.news

Other articles published on Jan 15, 2024

SUI and SEI See Price Hike as Celestia, Xai Projects Grow

Solana Faces Liquidation Crisis Amid Market Volatility

Hitachi Joins Hedera Council To Boost Real-world Industrial Solutions

ETH Beta Profits at Launchpad XYZ as Traders Shift from OP and MATIC to Pocket 2,917% ROI, ICO Ma...

Myro’s 1800% Rally Comes to an End as New Memecoins Take Over

Dogecoin Millionaire says his Next 100x tokens are Bonk and Retik Finance (RETIK)

Join our free newsletter for daily crypto updates!