In four weeks, digital asset investment funds have received inflows totaling more than $5.7 billion year to date. According to a recent CoinShares analysis, 2024 assets under management (AUM) account for around 55% of 2021’s record inflows.
The United States continues to dominate regional flows, with $610 million arriving last week. However, outflows from Grayscale lowered overall US numbers. Brazil, Switzerland, and Australia also experienced minor influx.
Bitcoin fueled flows, with $570 million entering the market last week, bringing its year-to-date total to $5.6 billion. Ethereum followed with $17 million in inflows. Meanwhile, blockchain equities experienced $81 million in outflows, indicating investor concern.
Spot Since its introduction in January, Bitcoin ETFs have been a steady presence. Despite their brief presence in the market, BlackRock and Fidelity are the market leaders, with combined assets of more than $10 billion. If this institutional demand continues, experts believe that Bitcoin’s price will return to its all-time high.
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