In the first week of 2024, digital assets investment products witnessed a significant surge in capital inflows, amounting to $151 million.
According to CoinShares analysis, since Grayscale’s victory over the SEC regarding their spot Bitcoin ETF 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.
Source: CoinShares
Bitcoin emerged as the frontrunner in this rally, attracting $113…
