The amount of investment products flowing into digital assets reached $1.18 billion.
Despite the launch of Bitcoin ETFs, capital inflows of $1.18 billion failed to break the October 2021 record of $1.5 billion, according to a CoinShares report.
At the same time, trading volume broke records, reaching an all-time high of $17.5 billion last week, compared to an average of $2 billion per week in 2022. These volumes accounted for nearly 90% of daily volume. Jan 12 Trustworthy Exchange.
Experts added that geographically, the United States saw inflows worth $1.24 billion last week. Leaks have been recorded in countries including Germany, Canada and Sweden. Analysts believe that this distribution of funds was caused by traders’ desire to switch from Europe to the United States.
Bitcoin (BTC) inflows were $1.16 billion, Ethereum (ETH) inflows were $26 million, and XRP inflows were $2.2 million. Solana (SOL) is a notable exception, with inflows of only $500,000 last week.
“Blockchain stocks also saw significant inflows totaling $98 million, bringing total inflows to $608 million over the past seven weeks.”
Coinshare Report
From January 1 to January 5, the inflow into cryptocurrency funds amounted to $151 million. Analysts also highlighted that total inflows following the trial between Grayscale and the SEC reached $2.3 billion.