{"id":224361,"date":"2024-01-05T21:30:41","date_gmt":"2024-01-05T16:00:41","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=224361"},"modified":"2024-01-05T21:30:41","modified_gmt":"2024-01-05T16:00:41","slug":"institutional-investors-piled-into-bitcoin-in-2023-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/institutional-investors-piled-into-bitcoin-in-2023-crypto-news\/","title":{"rendered":"Institutional Investors Piled Into Bitcoin In 2023 – Crypto News"},"content":{"rendered":"

Inflows to institutional crypto products tagged $2.25B in 2023, the third strongest year on record<\/p>\n

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Institutional investors loaded up on crypto last year, with traders betting big on Bitcoin.<\/p>\n

Investors accumulated $2.25B worth of crypto exposure via institutional products during 2023 \u2014 equating to 2.7 times that of 2022, according to CoinShares\u2019s latest Digital Asset Fund Flows\u00a0report<\/a>.<\/p>\n

The value of assets under management reached $51B, a 129% increase on the year. This figure was also bolstered by rising cryptocurrency prices, with Bitcoin (BTC<\/a>) up 160% in the past year, Ethereum (ETH) gaining 80%, and Solana (SOL) surging by more than 900% over the same period.<\/p>\n

SOL and BTC favored by institutions<\/h2>\n

The report, compiled by James Butterfill, head of research for CoinShares, shows institutional traders loaded up on digital assets during Q4 2023 with more than $1.5B in inflows as many investors fearing missing out amid rampant\u00a0spot Bitcoin ETF speculation<\/a>.<\/p>\n

BTC was the most heavily favored digital asset among institutions in 2023, with inflows topping $1.9B or 84.5% of the annual total. Bitcoin also accounted for 87% of total flows to and from institutional products for the year.<\/p>\n

BTC last changed hands for nearly $43,900, according to\u00a0CoinGecko<\/a>, Bitcoin\u2019s market cap currently sits at $859B, boasting a 49% dominance over the $1.7T combined crypto market capitalization at $1.7T.<\/p>\n

Solana was the second most popular asset, with inflows to SOL-based products topping $167M for the year. SOL also accounted for 20% of assets managed by institutional crypto product issuers at the end of 2023.<\/p>\n

Notably, SOL\u2019s inflows were double that to Ethereum-based products, with ETH inflows coming in at just $78M last year. Products offering short exposure to BTC ranked fourth with $60M worth of inflows, followed by XRP with $18M.<\/p>\n

The United States reclaimed its position as the leading country by inflows to institutional crypto products, with U.S. investors allocating $792M to the sector during 2023, up from $334M in 2022. Switzerland fell from the first in 2022 with $556M to third with $434M in 2023, while German investors overtook the Swiss with $543M \u2014 up from $213M during the preceding year.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Inflows to institutional crypto products tagged $2.25B in 2023, the third strongest year on record Institutional investors loaded up on crypto last year, with traders betting big on Bitcoin. Investors accumulated $2.25B worth of crypto exposure via institutional products during 2023 \u2014 equating to 2.7 times that of 2022, according to CoinShares\u2019s latest Digital Asset […]<\/p>\n","protected":false},"author":2,"featured_media":224362,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-224361","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/224361","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=224361"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/224361\/revisions"}],"predecessor-version":[{"id":224363,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/224361\/revisions\/224363"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/224362"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=224361"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=224361"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=224361"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}