🚀Attention BTC enthusiasts! The debut week of 2024 kicked off with a bang💥, as digital asset investment products reached inflows of $151 million! This brings the total inflows since the Grayscale vs. SEC lawsuit to a whopping $2.3 billion, or 4.4% of all assets under management (AuM)🌟.
📈Bitcoin led the pack with an influx of $113 million, contributing to a cumulative inflow of 3.2% of AuM. Meanwhile, short-bitcoin ETPs saw outflows of $1 million in the first week of the year🔥.
👀All eyes are on the potential approval of a spot Bitcoin ETF by the US SEC🇺🇸. Interestingly, the report found that 55% of inflows were from US exchanges, even though the product hasn't been launched yet in the country. Germany and Switzerland followed with 21% and 17% inflows, respectively🌍.
📉Solana, a top-performing asset in 2023, experienced its first outflows in 2024, amounting to $5.3 million😮. Ethereum, however, enjoyed inflows of $29 million, while other altcoins like Cardano, Avalanche, and Litecoin saw notable inflows as well💹.
🌐Lastly, blockchain equities started the year strong, recording $24 million in inflows over the last week🎉. Here's to a promising year for digital assets! 🥂