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Ethereum
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$4,000.66 3.28627
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BNB
BNB (BNB)
$744.05 3.46271
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Solana
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$238.49 1.80456
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XRP
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$2.44 6.16736
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Shiba Inu
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$0.0000314 4.67883
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Pepe
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$0.0000222 5.74923
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Bonk
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dogwifhat
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Popcat
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Bitcoin
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$99,696.00 1.52326
Bitcoin price
Ethereum
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$4,000.66 3.28627
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BNB
BNB (BNB)
$744.05 3.46271
BNB price
Solana
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$238.49 1.80456
Solana price
XRP
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$2.44 6.16736
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Shiba Inu
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$0.0000314 4.67883
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Pepe
Pepe (PEPE)
$0.0000222 5.74923
Pepe price
Bonk
Bonk (BONK)
$0.0000449 5.61831
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dogwifhat
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$3.64 8.20828
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Popcat
Popcat (POPCAT)
$1.51 12.64195
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Bitcoin
Bitcoin (BTC)
$99,696.00 1.52326
Bitcoin price
Ethereum
Ethereum (ETH)
$4,000.66 3.28627
Ethereum price
BNB
BNB (BNB)
$744.05 3.46271
BNB price
Solana
Solana (SOL)
$238.49 1.80456
Solana price
XRP
XRP (XRP)
$2.44 6.16736
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000314 4.67883
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000222 5.74923
Pepe price
Bonk
Bonk (BONK)
$0.0000449 5.61831
Bonk price
dogwifhat
dogwifhat (WIF)
$3.64 8.20828
dogwifhat price
Popcat
Popcat (POPCAT)
$1.51 12.64195
Popcat price

Bitcoin leads digital asset funds in 4th straight week of inflows

bitcoin-digital-asset-funds-inflows
Edited by
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Bitcoin leads digital asset funds in 4th straight week of inflows

Bitcoin-backed funds from the U.S. ushered most of $598 million in digital asset investment product inflows last week.

Crypto-based investment vehicles have recorded their fourth consecutive week of inflows, totaling over $5.7 billion for the year, putting 2024’s assets under management (AUM) at roughly 55% of 2021’s output, a year of record digital asset product inflows and the peak of crypto’s previous bull cycle. 

According to a CoinShares report, the U.S. continued to lead regional inflows with spot Bitcoin (BTC)  ETFs drawing huge demand, but exits from Grayscale dampened overall numbers. This area saw $610 million flow into digital assets funds while GBTC shed $436 million in another week of outflows. 

Brazil, Switzerland, and Australia trailed the U.S. for flows but accounted for most non-American influx into these digital assets products. Ethereum spearheaded altcoin fund inflows with $17 million, while blockchain equities indicated skepticism, with investors pulling out $81 million. 

BlackRock, Fidelity Bitcoin ETFs ahead of competitors

CoinShares highlighted the introduction of spot Bitcoin ETFs as the constant presence in weekly inflows since its Jan. 11 debut. Two issuers, BlackRock and Fidelity, remain heads and shoulders above competitors in this market, including incumbent Grayscale.

While the two do not boast Grayscale’s AUM yet, BlackRock and Fidelity have garnered over $10 billion combined in less than three months. Funds from these two issuers were some of the fastest ETFs to hit $1 billion in AUM after launch, signaling interest from Wall Street investors. 

Analysts and experts predict this demand may drive Bitcoin toward a parabolic price run if sustained. Fundstrat co-founder Thomas J. Lee said BTC could reach $150,000 by December this year, and Matrixport sees a $63,000 Bitcoin by March. This would place BTC less than 10% away from its previous all-time high.

Bitcoin
BTC chart | Source: TradingView