{"id":246363,"date":"2024-02-13T10:58:19","date_gmt":"2024-02-13T05:28:19","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=246363"},"modified":"2024-02-13T10:58:19","modified_gmt":"2024-02-13T05:28:19","slug":"bitcoin-commands-98-of-digital-asset-investment-products-1-1-billion-inflows-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-commands-98-of-digital-asset-investment-products-1-1-billion-inflows-crypto-news\/","title":{"rendered":"Bitcoin Commands 98% of Digital Asset Investment Products&#8217; $1.1 Billion Inflows &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Investments in digital assets surged by $1.1 billion, bringing the year-to-date total to $2.7 billion.<\/p>\n<p>With the recent market recovery and subsequent price hikes, the total assets under management (AuM) have reached their highest point since early 2022, hitting $59 billion.<\/p>\n<ul>\n<li>According to Coinshares\u2019 latest edition of Digital Asset Fund Flows Weekly Report, Bitcoin dominated with nearly 98% of the inflows over the past week, raking in $1.09 billion.<\/li>\n<li>CoinShares\u2019 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/blog.coinshares.com\/volume-169-digital-asset-fund-flows-weekly-report-d8911da6dbe0\" data-wpel-link=\"external\">report<\/a> revealed that Ethereum and Cardano also benefited in terms of weekly inflows, attracting $16 million and $6 million, respectively.<\/li>\n<li>Minor inflows were observed in Avalanche, Polygon, and Tron, which amassed $0.5 million, $0.4 million, and $0.4 million, respectively.<\/li>\n<li>Solana-focused digital asset products, on the other hand, only <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/bitcoin-steals-the-show-with-98-of-weekly-inflows-solana-trails-behind-coinshares\/\" data-wpel-link=\"internal\">attracted<\/a> $0.1 million, while XRP settled at $0.3 million during the same period. Uniswap and Short-Bitcoin experienced minor outflows, totaling $0.5 million and $0.4 million, respectively.<\/li>\n<li>While blockchain equities overall saw outflows, these were primarily due to one issuer experiencing $67 million in outflows, while all others collectively received inflows totaling $19 million.<\/li>\n<li>Regionally, the focus remained primarily on newly issued spot-based Bitcoin ETFs in the United States, which garnered a net inflow of $1.1 billion last week, reaching $2.8 billion since their January 11th launch.<\/li>\n<li>Outflows from existing investments have slowed, but the potential <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/genesis-global-capital-seeks-approval-for-1-4b-gbtc-liquidation-in-bankruptcy-court\/\" data-wpel-link=\"internal\">sale<\/a> of Genesis holdings worth $1.6 billion could lead to further outflows in the coming months, the asset manager speculated.<\/li>\n<li>Outflows from other regions have decreased, with minor outflows from Canada and Germany totaling $17 million and $10 million, respectively. Switzerland, however, saw inflows of $35 million last week.<\/li>\n<\/ul>\n<div class=\"code-block code-block-12\" style=\"margin: 8px 0;clear: both\">\n<div><span style=\"font-size:11px;color: gray\">SPECIAL OFFER (Sponsored)<\/span><br \/>\n<b>Binance Free $100 (Exclusive): <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/pl\/binancebanner\" data-wpel-link=\"internal\">Use this link<\/a> to register and receive $100 free and 10% off fees on Binance Futures first month<\/b> (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/buy-bitcoin-5-easy-steps\/\" data-wpel-link=\"internal\">terms<\/a>).<\/div>\n<\/div>\n<p><!-- AI CONTENT END 1 --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Investments in digital assets surged by $1.1 billion, bringing the year-to-date total to $2.7 billion. With the recent market recovery and subsequent price hikes, the total assets under management (AuM) have reached their highest point since early 2022, hitting $59 billion. According to Coinshares\u2019 latest edition of Digital Asset Fund Flows Weekly Report, Bitcoin dominated [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":76950,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-246363","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/246363","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=246363"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/246363\/revisions"}],"predecessor-version":[{"id":246365,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/246363\/revisions\/246365"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/76950"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=246363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=246363"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=246363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}