Bitcoin (BTC)Cardano (ADA)Ethereum (ETH)

Digital Asset Investment Funds verzeichnen massive Geldzufl√ľsse nach Markterholung

Digital Asset Investment Fund Record $708 Million Inflows as AUM Hit $53 Billion

Digital asset investment funds have experienced a surge in inflows following a market rebound after days of sell-offs. According to the CoinShares Weekly Crypto Asset Flows Report, there have been massive inflows into Bitcoin (BTC) and other cryptocurrencies, with total yearly entries reaching $1.6 billion.

In the past week alone, digital asset funds received a total of $708 million in inflows, bringing the total for 2024 to $1.6 billion. Additionally, the Assets Under Management (AUM) for these funds reached $53 billion, slightly surpassing the figure from the previous year.

These inflows can be attributed partially to the approval of spot Bitcoin ETFs by the United States Securities and Exchange Commission (SEC). The announcement of the ETF approval led to increased trading activity in the crypto market leader. However, a market correction shortly after the approval resulted in widespread outflows.

Industry analysts have highlighted the significant inflows recorded in Q4 2023 following the Bitcoin ETF approval. Bitcoin continues to dominate the institutional funds flowing into the cryptocurrency market, with 99% of total inflows last week. The market leader attracted $703 million in inflows, while shorts on Bitcoin saw $5.3 million in outflows.

Currently, Bitcoin is trading at $42,860, experiencing a 1.90% increase in the last seven days. Trading volumes have also risen by 21% to $16.8 billion. Monthly inflows for Bitcoin stand at $88.6 million, and yearly inflows amount to $1.5 billion, elevating the AUM to $38.1 billion.

The introduction of newly issued Bitcoin ETFs has contributed significantly to these figures, with $1.9 billion in inflows since their launch on January 11. However, incumbent outflows total $6 billion, resulting in a net inflow of $1.7 billion.

Beyond Bitcoin, the report also highlights activity in other cryptocurrencies. Ethereum (ETH) recorded $6 million in outflows, while Solana (SOL) and Cardano (ADA) received $13.4 million and $0.6 million in inflows, respectively.

Despite recent losses, Ethereum still has an AUM of $9.8 billion. Solana has experienced a 4% decline in the last seven days, while Cardano has seen a 0.5% increase.

In terms of geographical distribution of inflows, the United States received the majority with $721 million. Switzerland and Germany also saw gains of $20.9 million and $3.5 million, respectively. On the other hand, Canada recorded outflows of $31.3 million, bringing its total yearly exits to $241 million.

In summary, digital asset investment funds have seen significant inflows following a market rebound. Bitcoin remains the dominant cryptocurrency attracting institutional funds, but other cryptocurrencies like Solana and Cardano are also seeing notable inflows. The approval of spot Bitcoin ETFs by the SEC has contributed to the increased trading activity. Overall, the cryptocurrency market continues to experience growth and investment interest.

CryptocurrencyInflows (USD)Outflows (USD)AUM (USD)
Bitcoin$703m$5.3m$38.1b
Ethereum-$6m$9.8b
Solana$13.4m
Cardano$0.6m
Others$2.4m$30m

Source: CoinShares Weekly Crypto Asset Flows Report

*Note: All figures are based on the latest available data and may be subject to change.

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