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Digital asset investment products are experiencing a surge in inflows, reaching a total of $708 million last week with Bitcoin (BTC) frontrunning the trend. This influx of capital brings the year-to-date total to $1.6 billion, contributing to a significant increase in global assets under management, which now stand at $53 billion. 
According to a<a href="https://blog.coinshares.com/volume-168-digital-asset-fund-flows-weekly-report-16427d7d3235"> report published by James Butterfill</a> on Medium showing weekly crypto asset fund flows, the US ETFs have now averaged $1.9bn inflows over the last 4 weeks, bringing total inflows since launch to $7.7bn. 
Despite a slight dip in trading volumes compared to the previous week, trading activity remains substantially higher than in 2023, with Bitcoin’s trading volumes on trusted exchanges constituting 29% of the total. 
Based on recent ranking, Spot Bitcoin ETFs from BlackRock and Fidelity were ranked in the<a href="https://thecoinrise.com/spot-bitcoin-etfs-by-blackrock-fidelity-ranked-top-10-in-january-inflows/"> list of top 10 exchange-traded funds</a> with the most inflow in January. The BlackRock iShares Bitcoin Trust had an estimated $2.6 billion in net flows, placing it at number eight. 
<h2 id="b-united-states-leads-the-charge-b">United States Leads the Charge</h2> 
The United States continues to be a focal point in the digital asset investment landscape, witnessing a substantial inflow of $721 million last week. This surge in capital can be attributed to the introduction of newly issued ETFs, which attracted a remarkable $1.7 billion in inflows. 
These<a href="https://thecoinrise.com/spot-bitcoin-etf-surge-makes-record-accumulation-splash/"> ETFs have been performing strongly</a> since their launch on January 11th, averaging $1.9 billion in inflows over the past four weeks and accumulating a total of $7.7 billion. Despite this positive momentum, incumbent issuers experienced outflows totaling $6 billion. 
However, recent data suggests a slowdown in the rate of outflows in recent weeks, indicating shifting investor sentiment. 
<h2 id="b-bitcoin-btc-dominates-inflows-b">Bitcoin (BTC) Dominates Inflows</h2> 
Bitcoin remains the dominant force in attracting inflows, capturing $703 million, which accounts for 99% of all flows into digital asset investment products. Conversely, short-bitcoin products experienced minor outflows totaling US$5.3 million, coinciding with a reversal of negative price momentum. 
This strong inflow into Bitcoin (BTC) underscores the continued confidence and interest in the leading cryptocurrency among investors. 
<h2 id="b-solana-shines-among-alternative-cryptocurrencies-b">Solana Shines among Alternative Cryptocurrencies</h2> 
While Bitcoin continues to attract significant inflows, alternative cryptocurrencies are also making their mark. Solana emerged as a standout performer, attracting $13 million in inflows last week. 
This surpasses the inflows seen in<a href="https://thecoinrise.com/ethereums-dencun-upgrade-successfully-deploys-on-sepolia-testnet/"> Ethereum</a> and Avalanche, which experienced outflows of $6.4 million and $1.3 million, respectively. Solana’s strong performance highlights growing investor interest in alternative cryptocurrencies beyond the traditional market leaders. 
The post <a href="https://thecoinrise.com/bitcoin-btc-shines-as-crypto-market-hit-708m-in-weekly-inflow/">Bitcoin (BTC) Shines as Crypto Market Hit $708M in Weekly Inflow</a> appeared first on <a href="https://thecoinrise.com">Latest News and Insights on Blockchain, Cryptocurrency, and Investing</a>.

Bitcoin (BTC) Shines as Crypto Market Hit $708M in Weekly Inflow

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