According to CoinDesk, CoinShares data shows that investors poured more than $2 billion into digital asset investment exchange-traded products (ETPs) in 2023, making it the third-largest year for net inflows since 2017. Net inflows were $2.2 billion, more than double 2022. James Butterfill of CoinShares said that the bulk of the funding came in the last quarter as “the U.S. Securities and Exchange Commission (SEC) increasingly moved toward launching a Bitcoin spot-based ETF in the U.S.” In the last week of 2023 alone, net inflows into digital asset ETPs reached $243 million. Additionally, as crypto lending firm Celsius restructures amid bankruptcy proceedings, it will eliminate its holdings in the second-largest cryptocurrency, Ethereum (ETH), potentially removing factors that have contributed to the token’s underperformance in recent months. , Ethereum price is expected to rise in the coming weeks.