Inflows into crypto investment funds have resumed after a brief hiatus two weeks ago, as evidenced by CoinShares\u2019s latest analysis. According to James Butterfill, Head of Research at CoinShares, digital assets saw a net inflow of $103 million last week, as the wider crypto industry went through a few days of bullish sentiment. This is particularly exciting, as it signaled a change from the net outflows in digital asset investment funds witnessed two weeks ago.\u00a0<\/p>\n
Crypto asset investment funds witnessed a minor net outflow<\/a> of $16 million two weeks ago, bringing an end to 11 consecutive weeks<\/a> of inflows since September<\/a>. However, according to a social media post by Butterfill, these investment funds attracted a $103 million net inflow last week. As expected, Bitcoin, again, led the charge, attracting 85% of the total inflow. Bitcoin saw an inflow of $87 million last week, bringing its total net inflow this year to $1.758 billion.\u00a0<\/p>\n Ethereum led the altcoin market with a net inflow of $7.9 million, bringing its total net inflow this year to $23 million. Solana followed suit with a $6 million net inflow. At the time of writing, Solana\u2019s total inflow this year stands at $162 million, reflecting the better sentiment<\/a> Solana has seen with institutional investors this year.\u00a0<\/p>\n On the other hand, Litecoin and Avalanche investment products were the only ones registering a net outflow during the week, with $0.4 million and $2.6 million respectively.<\/p>\n In terms of geographical location, Germany had the most inflows with $41.6 million, Canada with $25.8 million, USA with $20.4 million, and Switzerland with $15 million. On the other hand, Sweden had a net outflow of $8.7 million.\u00a0<\/p>\n Total assets under management now stand at $52 billion, representing 31% of the entire crypto market cap of $1.65 trillion. Most of this is traded in the United States, with US-based investment funds holding $37.8 billion worth of assets under management.<\/p>\n US$103m inflows in digital assets last week, no report on Monday. Merry Christmas! pic.twitter.com\/xAVzCrPPkQ<\/a><\/p>\n \u2014 James Butterfill (@jbutterfill) December 23, 2023<\/a><\/p>\n\n Investment in digital asset funds is largely tied to the sentiment among the spot market prices. As a result, the net inflows last week were a mirror of the price surge led by Bitcoin, with the crypto crossing over $44,000 multiple times during the week. Bitcoin has since corrected and is now trading at $42,390.<\/p>\n Ethereum\u2019s lead in the altcoin market<\/a> has been overshadowed by Solana<\/a> since October. The crypto is up by 53% in a 7-day timeframe, hitting a yearly high<\/a> of $124.92 on Christmas day. At the time of writing, Solana is trading at $114.\u00a0\u00a0<\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n Inflows into crypto investment funds have resumed after a brief hiatus two weeks ago, as evidenced by CoinShares\u2019s latest analysis. According to James Butterfill, Head of Research at CoinShares, digital assets saw a net inflow of $103 million last week, as the wider crypto industry went through a few days of bullish sentiment. This is particularly exciting, as it signaled a change from the net outflows in digital asset investment funds witnessed two weeks ago.\u00a0<\/p>\n Crypto asset investment funds witnessed a minor net outflow<\/a> of $16 million two weeks ago, bringing an end to 11 consecutive weeks<\/a> of inflows since September<\/a>. However, according to a social media post by Butterfill, these investment funds attracted a $103 million net inflow last week. As expected, Bitcoin, again, led the charge, attracting 85% of the total inflow. Bitcoin saw an inflow of $87 million last week, bringing its total net inflow this year to $1.758 billion.\u00a0<\/p>\n Ethereum led the altcoin market with a net inflow of $7.9 million, bringing its total net inflow this year to $23 million. Solana followed suit with a $6 million net inflow. At the time of writing, Solana\u2019s total inflow this year stands at $162 million, reflecting the better sentiment<\/a> Solana has seen with institutional investors this year.\u00a0<\/p>\n On the other hand, Litecoin and Avalanche investment products were the only ones registering a net outflow during the week, with $0.4 million and $2.6 million respectively.<\/p>\n In terms of geographical location, Germany had the most inflows with $41.6 million, Canada with $25.8 million, USA with $20.4 million, and Switzerland with $15 million. On the other hand, Sweden had a net outflow of $8.7 million.\u00a0<\/p>\n Total assets under management now stand at $52 billion, representing 31% of the entire crypto market cap of $1.65 trillion. Most of this is traded in the United States, with US-based investment funds holding $37.8 billion worth of assets under management.<\/p>\n US$103m inflows in digital assets last week, no report on Monday. Merry Christmas! pic.twitter.com\/xAVzCrPPkQ<\/a><\/p>\n \u2014 James Butterfill (@jbutterfill) December 23, 2023<\/a><\/p>\n Investment in digital asset funds is largely tied to the sentiment among the spot market prices. As a result, the net inflows last week were a mirror of the price surge led by Bitcoin, with the crypto crossing over $44,000 multiple times during the week. Bitcoin has since corrected and is now trading at $42,390.<\/p>\n Ethereum\u2019s lead in the altcoin market<\/a> has been overshadowed by Solana<\/a> since October. The crypto is up by 53% in a 7-day timeframe, hitting a yearly high<\/a> of $124.92 on Christmas day. At the time of writing, Solana is trading at $114.\u00a0\u00a0<\/p>\n <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-34514","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/34514","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=34514"}],"version-history":[{"count":1,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/34514\/revisions"}],"predecessor-version":[{"id":34521,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/34514\/revisions\/34521"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=34514"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=34514"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=34514"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}State Of The Market<\/h2>\n
Crypto Fund Inflows Surge To $103 Million<\/h2>\n
State Of The Market<\/h2>\n