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Crypto Investment Products Surge, Attracting $27 Billion in 2024
Summary: Digital asset investment products saw a significant influx of capital last week, totaling $901 million, according to CoinShares' latest weekly report. This marks the fourth-largest monthly inflow on record, accounting for 12% of total assets under management for the month. Year-to-date, digital asset investment products have attracted a staggering $27 billion in inflows, nearly triple ...
Digital asset investment products saw a significant influx of capital last week, totaling $901 million, according to CoinShares' latest weekly report. This marks the fourth-largest monthly inflow on record, accounting for 12% of total assets under management for the month.
Year-to-date, digital asset investment products have attracted a staggering $27 billion in inflows, nearly triple the $10.5 billion recorded in 2021.
The United States remained the dominant region, attracting $906 million in inflows. Germany and Switzerland followed closely, with $14.7 million and $9.2 million, respectively. In contrast, Canada, Brazil, and Hong Kong experienced minor outflows.
Bitcoin led the charge with $920 million in inflows, while Ethereum saw outflows of $35 million. Solana, on the other hand, attracted $10.8 million in inflows. Bitcoin short positions witnessed a modest outflow of $1.3 million.
As institutional adoption of cryptocurrencies continues to accelerate, the future of digital assets appears promising. However, investors should remain cautious and conduct thorough research before making investment decisions.
Tags: Bitcoin,Digital Asset,Ethereum,Solana
Link: Crypto Investment Products Surge, Attracting $27 Billion in 2024 [Copy]
