In the last two months, Bitcoin (BTC) institutional investment vehicles have seen more than $1 billion in new inflows. In its weekly report on November 13, crypto asset management company CoinShares advanced the narrative that Bitcoin and altcoins are attracting capital again.
Total crypto market cap has increased by $600 billion since November 2022, TradingView data confirms.
In the last two months, funding for crypto investment products has increased rapidly, CoinShares announced. “Digital asset investment products saw total inflows of $293 million last week, bringing a 7-week streak of inflows to over $1 billion.”
Among the impressive statistics showing crypto's rebirth in 2023 is the total assets under management (AUM) for crypto exchange-traded funds (ETPs). It has nearly doubled since the beginning of the year and is up 10% in the last week alone.
The report stated that those targeting BTC in the long term received the lion's share of the volume. “Bitcoin saw total inflows of $240 million last week, bringing year-to-date inflows to $1.08 billion.”
The resurgent interest has led Glassnode to re-evaluate Bitcoin supply dynamics. In its weekly newsletter, “The Week On-Chain,” the company showed that the amount of BTC reserved for storage is 2.4 times greater than the amount obtained from mining.
Philip Swift, creator of the statistics platform Look Into Bitcoin, noted that large and small wallet holdings are increasing. “This is what adoption looks like,” he said.
Total crypto market cap has increased by $600 billion since November 2022, TradingView data confirms.
In the last two months, funding for crypto investment products has increased rapidly, CoinShares announced. “Digital asset investment products saw total inflows of $293 million last week, bringing a 7-week streak of inflows to over $1 billion.”
Among the impressive statistics showing crypto's rebirth in 2023 is the total assets under management (AUM) for crypto exchange-traded funds (ETPs). It has nearly doubled since the beginning of the year and is up 10% in the last week alone.
The report stated that those targeting BTC in the long term received the lion's share of the volume. “Bitcoin saw total inflows of $240 million last week, bringing year-to-date inflows to $1.08 billion.”
The resurgent interest has led Glassnode to re-evaluate Bitcoin supply dynamics. In its weekly newsletter, “The Week On-Chain,” the company showed that the amount of BTC reserved for storage is 2.4 times greater than the amount obtained from mining.
Philip Swift, creator of the statistics platform Look Into Bitcoin, noted that large and small wallet holdings are increasing. “This is what adoption looks like,” he said.