TechFlow news — CoinShares' annual fund report shows that digital asset investment products attracted $2.25 billion in inflows during 2023, 2.7 times the amount in 2022, with the majority occurring in the final quarter. Total assets under management (AuM) rose 129% over the year to reach $51 billion, the highest level since March 2022.
Bitcoin was the biggest beneficiary, attracting $1.9 billion in inflows, accounting for 87% of the total. Ethereum drew $78 million, representing just 0.7% of total AuM. Solana attracted a total of $167 million in inflows, making up 20% of its AuM.
AuM for blockchain equities rose 109%, with total inflows reaching $458 million, 3.6 times the 2022 figure.
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