$2.25 billion was invested in crypto Exchange Traded Products (ETPs) in 2023
That's the only number you need to know to fully understand what happened with the crypto industry in 2023.
In 2023, we had 3rd largest year of capital inflows into crypto, looking at the data back to 2017.
The inflows in 2023 were 2.7x the inflows seen in 2022.
The inflows started when the SEC started seriously considering the approval of the launch of spot Bitcoin ETF in the US.
Big "thank you" to James Butterfill, head of research at CoinShares for this amazing info.
