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Digital Asset Fund Inflows Surge to Record $44.5 Billion in 2024
A staggering surge has been observed in digital asset fund inflows, reaching a record-breaking $44.5 billion in 2024, according to a report by CoinShares. This extraordinary development marks a fourfold increase compared to any previous year, underscoring the growing investor enthusiasm for these digital assets.
Bitcoin and Ethereum have taken the lead in this surge, with Bitcoin investment products enjoying inflows of $2 billion last week alone. These investments have accumulated to a staggering $11.5 billion since the U.S. election, highlighting Bitcoin’s continued dominance in the digital asset space. Meanwhile, Ethereum has recorded its seventh consecutive week of inflows, amounting to $1 billion last week and a cumulative total of $3.7 billion over this period.
This widespread interest is mirrored by broader market sentiment across regions, with significant inflows observed in major hubs such as the U.S., Switzerland, Germany, and Brazil. The U.S. led with $3.1 billion, followed closely by Switzerland with $36 million, Germany with $33 million, and Brazil with $25 million. This global trend reflects a growing acceptance and investment in digital assets worldwide.
Notably, altcoins are also experiencing significant inflows, with XRP witnessing an influx of $145 million fueled by optimism surrounding the potential launch of a U.S.-listed ETF. Polkadot and Litecoin have also seen substantial investments, recording $3.7 million and $2.2 million respectively. This diversification trend among investors seeking opportunities beyond Bitcoin and Ethereum suggests a shifting landscape in which traditional market leaders are no longer the sole focus.
Additionally, trading volumes in exchange-traded products (ETPs) have averaged a staggering $21 billion weekly, accounting for an impressive 30% of Bitcoin traded on trusted exchanges. Bitcoin’s daily trading volumes on these exchanges have surpassed traditional financial benchmarks like the FTSE 100, averaging a remarkable $8.3 billion.
For more detailed insights and information, readers are encouraged to consult the full report by CoinShares.
Source: Blockchain.News
