tl;dr
:The first week of 2024 saw promising inflows for digital asset investment products, reaching $151 million, bringing total inflows since the Grayscale vs. SEC lawsuit to $2.3 billion. Despite expectations of a "buy the rumor, sell the news" event, there were outflows totaling $7 million over the pas...
The first week of 2024 saw promising inflows for digital asset investment products, reaching $151 million, bringing total inflows since the Grayscale vs. SEC lawsuit to $2.3 billion. Despite expectations of a "buy the rumor, sell the news" event, there were outflows totaling $7 million over the past nine weeks. Bitcoin had the highest influx, while Solana saw outflows of $5.3 million. Ethereum, on the other hand, experienced inflows totaling $29 million, with total inflows reaching $215 million over the last nine weeks. Other altcoins, such as Cardano, Avalanche, and Litecoin, also saw notable inflows, and blockchain equities recorded $24 million in inflows over the last week.
The debut week of 2024 marked a promising start for digital asset investment products, reaching inflows of $151 million in assets. This brought the total inflows since the Grayscale vs. SEC lawsuit to $2.3 billion, constituting 4.4% of all assets under management (AuM), as per prominent asset manager CoinShares.
Disclaimer: The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.