CoinShares: Last week, net inflows of digital asset investment products reached $151 million, with Bitcoin accounting for $113 million

According to CoinShares' weekly report data, the total inflow of digital asset investment products in the first week of 2024 was $151 million. Despite the absence of a Bitcoin spot ETF launch in the United States, 55% of the funds came from US exchanges, with Germany and Switzerland accounting for 21% and 17% respectively. Bitcoin had the largest share of inflows at $113 million, representing 3.2% of total assets under management over the past nine weeks. Short positions on Bitcoin saw an outflow totaling $1 million in the first week of this year.

The total inflow for Ethereum amounted to $29 million, with a cumulative inflow over the past nine weeks reaching $215 million, indicating a significant improvement in market sentiment. Solana experienced an outflow totaling $5.3 million. Other notable inflows were observed for Cardano, Avalanche, and Litecoin at $3.7 million, $2 million, and $1.4 million respectively. Blockchain stocks saw an influx of $24 million last week.