TechFlow news, according to CoinShares data, digital asset investment products attracted $151 million in inflows during the first week of 2024. Since Grayscale's lawsuit against the SEC, total inflows have reached $2.3 billion, accounting for 4.4% of total assets under management (AuM). Despite the absence of a spot-based ETF in the U.S., 55% of the inflows originated from U.S. exchanges, with Germany and Switzerland contributing 21% and 17% respectively.
-
Bitcoin attracted the largest share of inflows, reaching $113 million, while inverse Bitcoin products saw outflows totaling $1 million in the first week of the year.
-
Ethereum attracted $29 million in inflows, while Solana experienced outflows of $5.3 million.
-
Other altcoins seeing notable inflows included Cardano, Avalanche, and Litecoin, attracting $3.7 million, $2 million, and $1.4 million respectively.
