According to CoinShares weekly data, the total inflow of digital asset investment products in the first week of 2024 was US$151 million, bringing the total inflow since Grayscale's lawsuit against the SEC to US$2.3 billion, accounting for 4.4% of the total assets under management (AuM). Although spot ETFs have not yet been launched in the United States, 55% of the inflows came from US exchanges, with Germany and Switzerland accounting for 21% and 17% respectively.
Bitcoin saw the largest inflows at $113 million, with total inflows over the past nine weeks accounting for 3.2% of assets under management. In the first week of the year, short Bitcoin saw total outflows of $1 million. Ethereum saw total inflows of $29 million, with total inflows of $215 million over the past nine weeks, with market sentiment clearly improving. On the other hand, Solana had a poor start to the year, with total outflows of $5.3 million. Other tokens that saw notable inflows included Cardano, Avalanche, and Litecoin, with inflows of $3.7 million, $2 million, and $1.4 million, respectively. Blockchain stocks also got off to a good start this year, with inflows of $24 million last week.
