Bitcoin
Bitcoin (BTC)
$64,992.00 1.45615
Bitcoin price
Ethereum
Ethereum (ETH)
$3,166.84 2.48208
Ethereum price
BNB
BNB (BNB)
$574.11 2.60173
BNB price
Solana
Solana (SOL)
$151.87 4.97782
Solana price
XRP
XRP (XRP)
$0.5289310 4.58839
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000256 12.29961
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000058 12.96559
Pepe price
Bonk
Bonk (BONK)
$0.0000187 24.35071
Bonk price
Bitcoin
Bitcoin (BTC)
$64,992.00 1.45615
Bitcoin price
Ethereum
Ethereum (ETH)
$3,166.84 2.48208
Ethereum price
BNB
BNB (BNB)
$574.11 2.60173
BNB price
Solana
Solana (SOL)
$151.87 4.97782
Solana price
XRP
XRP (XRP)
$0.5289310 4.58839
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000256 12.29961
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000058 12.96559
Pepe price
Bonk
Bonk (BONK)
$0.0000187 24.35071
Bonk price
Bitcoin
Bitcoin (BTC)
$64,992.00 1.45615
Bitcoin price
Ethereum
Ethereum (ETH)
$3,166.84 2.48208
Ethereum price
BNB
BNB (BNB)
$574.11 2.60173
BNB price
Solana
Solana (SOL)
$151.87 4.97782
Solana price
XRP
XRP (XRP)
$0.5289310 4.58839
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000256 12.29961
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000058 12.96559
Pepe price
Bonk
Bonk (BONK)
$0.0000187 24.35071
Bonk price
Bitcoin
Bitcoin (BTC)
$64,992.00 1.45615
Bitcoin price
Ethereum
Ethereum (ETH)
$3,166.84 2.48208
Ethereum price
BNB
BNB (BNB)
$574.11 2.60173
BNB price
Solana
Solana (SOL)
$151.87 4.97782
Solana price
XRP
XRP (XRP)
$0.5289310 4.58839
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000256 12.29961
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000058 12.96559
Pepe price
Bonk
Bonk (BONK)
$0.0000187 24.35071
Bonk price
SirWin
SirWin
SirWin

CoinShares sees $2.2b influx in 2023 crypto product investments

coinshares-sees-2-2b-influx-in-2023-crypto-product-investments
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News
CoinShares sees $2.2b influx in 2023 crypto product investments

In the final week of 2023, cryptocurrency investments surged with a $243 million inflow, reaching a yearly total of $2.2 billion, fueled by Bitcoin’s substantial 86% share and market optimism.

James Butterfill, Head of Research at CoinShares, reported that Bitcoin (BTC) dominated this surge, representing 86% with over $1.9 billion in inflows, followed by Solana’s (SOL) at $167 million. However, multi-asset and BNB exchange-traded products (ETP) defied the trend, experiencing net outflows of $18 million and $1 million, respectively.

Comparing the data to the previous year, 2023 exhibited increased inflows. In 2022, Bitcoin funds attracted $388 million, constituting 47.5% of the $816 million total, followed by multi-asset with $272 million, while Binance faced an outflow of $24 million.

The bullish trend for crypto fund products initiated around Sept. 29, ending a period where outflows dominated eight of the previous nine weeks. ETPs function as investment funds designed to track the price of specific assets, with crypto ETPs commonly mirroring major cryptocurrencies like Bitcoin or Ether.

Investors opting for exposure to crypto prices through funds rather than direct asset ownership can conveniently store shares in a traditional brokerage account. On Jan. 2, the price of Bitcoin surged past $45,000, reaching a two-year high.

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