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Digital Asset Fund Inflows Surge to Record $44.5 Billion in 2024
According to a recent report by CoinShares, digital asset investment products have witnessed record inflows of $44.5 billion in 2024, marking a fourfold increase compared to any previous year. This significant surge underscores the growing investor interest and enthusiasm for digital assets.
Notably, Bitcoin has led the charge, with investments totaling $2 billion in just one week alone. These cumulative figures have reached an astonishing $11.5 billion since the U.S. election, solidifying its dominance in the digital asset space. Concurrently, Ethereum has experienced seven consecutive weeks of inflows, amounting to a substantial $3.7 billion.
The global sentiment appears overwhelmingly positive, with significant investments observed in various regions. The United States led the way, seeing inflows totaling $3.1 billion, followed by Switzerland with $36 million, Germany with $33 million, and Brazil with $25 million. This widespread interest reflects a growing global acceptance and investment in digital assets.
In addition to Bitcoin and Ethereum, altcoins such as XRP, Polkadot, and Litecoin have also received significant investments. XRP saw inflows of $145 million, fueled by optimism surrounding the potential launch of a U.S.-listed ETF. Polkadot and Litecoin recorded $3.7 million and $2.2 million in investments, respectively.
This diversification trend highlights investors seeking opportunities beyond Bitcoin and Ethereum, demonstrating an increased appetite for risk-taking and exploration of alternative investment options.
Moreover, the report highlights that trading volumes in exchange-traded products (ETPs) have averaged a staggering $21 billion weekly, accounting for 30% of Bitcoin traded on trusted exchanges. Bitcoin’s daily trading volumes have averaged an impressive $8.3 billion, significantly surpassing traditional financial benchmarks such as the FTSE 100.
In conclusion, this article aims to provide insight into the extraordinary growth and demand seen in the digital asset space during 2024, with a focus on Bitcoin, Ethereum, and other altcoins.
Source: Blockchain.News
