Global digital asset investments soar with $151 million inflow in first week of 2024

Quick Take

The nascent year 2024 has marked a significant surge in digital asset investment products globally, amounting to inflows of $151 million in just the first week, as per the analysis by James Butterfill at Coinshares.

The Grayscale vs SEC lawsuit seems to have only galvanized investors, leading to a substantial increase in inflows, which now total an impressive $2.3 billion, according to Coinshares. This sum constitutes 4.4% of the total assets under management (AuM).

Bitcoin, remaining the digital gold standard, attracted the lion’s share of these inflows with $113 million, while Ethereum followed suit with commendable inflows of $30 million, according to Coinshares.

Geographically, the United States led the pack, contributing 55% of the total inflows, translating to $84 million. Germany and Switzerland trailed behind, accounting for 21% and 17% of the inflows respectively, according to Coinshares. These inflow patterns underline the growing global acceptance and investor confidence in digital asset investment products, particularly in these three nations.

The post Global digital asset investments soar with $151 million inflow in first week of 2024 appeared first on CryptoSlate.

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