Bitcoin and Altcoin Investment Products Weekly Report: Massive Inflows Recorded!

  • Trading volumes in ETPs dropped to $8.2 billion compared to the previous week but remained well above the 2023 weekly average of $1.5 billion.
  • These new ETFs have attracted total inflows of $7.7 billion since their launch (as of January 11), averaging $1.9 billion in the last four weeks.
  • Solana saw inflows of $13 million last week, while Ethereum and Avalanche experienced outflows of $6.4 million and $1.3 million, respectively.

Digital asset investment products continue to see significant inflows despite market sluggishness: Latest report!

Digital Asset Investment Products Flow Report

cryptocurrency

Last week, digital asset investment products recorded substantial inflows, totaling $708 million, bringing year-to-date inflows to $1.6 billion and the total global assets under management to $53 billion.

Trading volumes in ETPs dropped to $8.2 billion compared to the previous week but remained well above the 2023 weekly average of $1.5 billion. These volumes represent 29% of Bitcoin’s total trading on reliable exchanges. Regionally, the focus remains on the United States, which saw inflows of $721 million last week, with newly issued ETFs receiving $1.7 billion in inflows.

These new ETFs have attracted total inflows of $7.7 billion since their launch (as of January 11), averaging $1.9 billion in the last four weeks. This has offset outflows from existing issuers, totaling $6 billion, although data indicates a significant decrease in these outflows in recent weeks.

Bitcoin received total inflows of $703 million last week, constituting 99% of all flows. Short Bitcoin, on the other hand, saw small outflows of $5.3 million coinciding with negative price momentum.

digital-asset-report
Digital Asset Report | CoinShares

Inflows were also observed in altcoins

Solana saw inflows of $13 million last week, while Ethereum and Avalanche experienced outflows of $6.4 million and $1.3 million, respectively. Blockchain stocks show outflows of $147 million from one issuer last week, masking inflows of $11 million from other issuers.

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