{"id":164287,"date":"2024-04-08T12:43:48","date_gmt":"2024-04-08T12:43:48","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=164287"},"modified":"2024-04-08T12:43:52","modified_gmt":"2024-04-08T12:43:52","slug":"investor-frenzy-continues-digital-asset-inflows-hit-record-13-8-billion-year-to-date","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/investor-frenzy-continues-digital-asset-inflows-hit-record-13-8-billion-year-to-date\/","title":{"rendered":"Investor Frenzy Continues: Digital Asset Inflows Hit Record $13.8 Billion Year-to-Date"},"content":{"rendered":"<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">TL;DR<\/span><\/p>\n<ul style=\"text-align: justify\">\n<li><strong><span data-preserver-spaces=\"true\">Record Inflows<\/span><\/strong><span data-preserver-spaces=\"true\">: The digital asset market has seen a record inflow of\u00a0<\/span><strong><span data-preserver-spaces=\"true\">$13.8 billion<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0year-to-date, surpassing the previous annual record set in 2021, signaling strong investor interest and confidence in digital assets.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Bitcoin\u2019s Surge<\/span><\/strong><span data-preserver-spaces=\"true\">: Bitcoin remains the leading digital asset, with its value soaring above $72,000 and investment products related to Bitcoin experiencing an influx of $663 million last week.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Regional Variations<\/span><\/strong><span data-preserver-spaces=\"true\"><span data-preserver-spaces=\"true\">: While U.S.-based funds and others in Brazil, Hong Kong, and Germany reported increases, funds in Switzerland and Canada experienced outflows, highlighting divided regional sentiments in the digital asset space.<\/span><\/span><br \/>\n<hr \/>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">The digital asset market is witnessing an unprecedented investor frenzy, with inflows hitting a record $13.8 billion year-to-date.<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0This surge is indicative of the growing interest and confidence in digital assets as a viable\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/crypto-economy.com\/investing-in-cryptocurrencies\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">investment\u00a0<\/span><\/a><span data-preserver-spaces=\"true\">option.<\/span><!--more--><\/p>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">Crypto funds<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0managed by companies like BlackRock, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares\u00a0<\/span><strong><span data-preserver-spaces=\"true\">saw an additional global inflow of $646 million last week<\/span><\/strong><span data-preserver-spaces=\"true\">, as reported in CoinShares\u2019 most recent\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/blog.coinshares.com\/volume-177-digital-asset-fund-flows-weekly-report-b1855bff6f4e\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">report<\/span><\/a><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">The previous week had seen net inflows of $862 million, pushing the total inflows for the year to a record-breaking $13.8 billion.\u00a0<\/span><strong><span data-preserver-spaces=\"true\">This is a significant increase from the previous annual record of $10.6 billion set in 2021<\/span><\/strong><span data-preserver-spaces=\"true\">, and we\u2019re only a few months into 2024.<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">This indicates a steady recovery for global crypto funds, which had experienced nearly $1 billion in outflows in the week ending March 22. Despite this, CoinShares\u2019 Head of Research, James Butterfill, notes signs of a slowdown in the excitement around exchange-traded funds.<\/span><\/p>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">Bitcoin: The Leading Digital Asset<\/span><\/h2>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\"> <img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-164291\" src=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/04\/BitcoinInflow.jpg\" alt=\"Investor Frenzy Continues: Digital Asset Inflows Hit Record $13.8 Billion Year-to-Date\" width=\"825\" height=\"300\" srcset=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/04\/BitcoinInflow.jpg 825w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/04\/BitcoinInflow-300x109.jpg 300w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/04\/BitcoinInflow-768x279.jpg 768w\" sizes=\"(max-width: 825px) 100vw, 825px\" \/><\/span><\/p>\n<p style=\"text-align: justify\"><a class=\"editor-rtfLink\" href=\"https:\/\/crypto-economy.com\/what-is-bitcoin\/\" target=\"_blank\" rel=\"noopener\"><strong><span data-preserver-spaces=\"true\">Bitcoin<\/span><\/strong><\/a><strong><span data-preserver-spaces=\"true\">,\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">the leading digital asset,\u00a0<\/span><strong><span data-preserver-spaces=\"true\">has seen its value soar above $72,000, further fueling the inflow of investments.<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0The surge in Bitcoin\u2019s value is largely attributed to the increased adoption of digital assets and the bullish sentiment surrounding them.<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">Bitcoin remains the primary target of inflows, with investment products related to Bitcoin seeing an influx of $663 million last week.\u00a0<\/span><strong><span data-preserver-spaces=\"true\">The leading cryptocurrency has seen a daily increase of 4.40% and is currently trading at $72,442.<\/span><\/strong><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">Investment products for Litecoin, Solana, and Filecoin also saw inflows last week, with $4.4 million, $4 million, and $1.4 million respectively. In contrast, Ether-based funds have been experiencing a downturn, with outflows for the fourth week in a row, amounting to a loss of $22.5 million.<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">According to Butterfill, regional sentiment is divided. U.S.-based funds saw an increase of $648 million last week, along with inflows for products based in Brazil, Hong Kong, and Germany. On the other hand, funds based in Switzerland and Canada saw outflows of $27 million and $7.3 million respectively.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Record Inflows: The digital asset market has seen a record inflow of\u00a0$13.8 billion\u00a0year-to-date, surpassing the previous annual record set in 2021, signaling strong investor interest and confidence in digital assets. Bitcoin\u2019s Surge: Bitcoin remains the leading digital asset, with its value soaring above $72,000 and investment products related to Bitcoin experiencing an influx of &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Investor Frenzy Continues: Digital Asset Inflows Hit Record $13.8 Billion Year-to-Date\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/investor-frenzy-continues-digital-asset-inflows-hit-record-13-8-billion-year-to-date\/#more-164287\" aria-label=\"More on Investor Frenzy Continues: Digital Asset Inflows Hit Record $13.8 Billion Year-to-Date\">Read more<\/a><\/p>\n","protected":false},"author":32,"featured_media":164289,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[102,84,74,9156],"tags":[4602,5283,5536,5239,4679],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/164287"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=164287"}],"version-history":[{"count":1,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/164287\/revisions"}],"predecessor-version":[{"id":164301,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/164287\/revisions\/164301"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/164289"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=164287"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=164287"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=164287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}