Key Points:
This influx has driven the total assets under management (AuM) to $67 billion, marking a notable uptick since December 2021.
The United States has emerged as the dominant player, accounting for 99% of the inflows, amounting to $2.4 billion. This trend signifies a growing interest in spot Bitcoin ETFs, with a widespread distribution among various providers and a significant reduction in outflows from established players.
In contrast, other regions like Germany and Switzerland have experienced modest inflows, while Sweden saw outflows.
Bitcoin garnered over 99% of the inflows, although some investors capitalized on short-bitcoin positions, resulting in $5.8 million in inflows.
Ethereum also witnessed a positive momentum with $21 million in inflows. However, Solana’s recent downtime impacted sentiment, leading to $1.6 million in outflows. Avalanche, Chainlink, and Polygon stood out with consistent weekly inflows this year.
Investors in blockchain equity ETFs opted to capitalize on profits, leading to outflows totaling $167 million.
Overall, the surge in digital asset investment products reflects a growing confidence in cryptocurrencies, particularly in the United States, where bitcoin spot-based ETFs are gaining traction amidst positive price movements and increased investor interest.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Subsidiaries Grayscale, Foundry, and Luno contribute to DCG first quarter revenue growth, despite challenges such…
The Binance financial penalty comes amidst a series of legal challenges for Binance, including a…
Bitcoin (BTC) has outperformed major tech stocks in the past decade, and this growth translates…
Allegations of DWF Labs market manipulation surface at Binance after the dismissal of an internal…
Bitcoin mining difficulty dropped by 5.63% to 83.15 T, marking the largest decrease since December…
George Town, Cayman Islands, May 8th, 2024, ChainwireAIGOLD is pleased to announce the launch of…
This website uses cookies.