{"id":10435,"date":"2024-02-05T16:24:07","date_gmt":"2024-02-05T14:24:07","guid":{"rendered":"https:\/\/forklog.com\/en\/cryptocurrency-inflows-surpass-1-5-billion-since-start-of-year\/"},"modified":"2024-02-05T16:24:07","modified_gmt":"2024-02-05T14:24:07","slug":"cryptocurrency-inflows-surpass-1-5-billion-since-start-of-year","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/cryptocurrency-inflows-surpass-1-5-billion-since-start-of-year\/","title":{"rendered":"Cryptocurrency Inflows Surpass $1.5 Billion Since Start of Year"},"content":{"rendered":"<p>Inflows into cryptocurrency investment products amounted to $708 million from January 27 to February 2, bringing the total since the start of the year to $1.58 billion, according to a report by <a href=\"https:\/\/blog.coinshares.com\/volume-168-digital-asset-fund-flows-weekly-report-16427d7d3235\">CoinShares<\/a>.<\/p>\n<p>A week earlier, analysts recorded an outflow of $499.7 million.<\/p>\n<p>Assets under management increased to $53 billion.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/1-899.webp\" alt=\"1-899\" class=\"wp-image-225396\"\/><figcaption class=\"wp-element-caption\">Data: CoinShares.<\/figcaption><\/figure>\n<p>Net inflows into the spot Bitcoin ETF segment since the <a href=\"https:\/\/forklog.com\/en\/news\/sec-approves-all-11-spot-bitcoin-etf-applications\">product&#8217;s approval<\/a> rose to $1.7 billion, with outflows from <span data-descr=\"Grayscale Bitcoin Trust ETF\" class=\"old_tooltip\">GBTC<\/span> ($6 billion) offset by inflows into its competitors ($7.7 billion).<\/p>\n<p>Trading volumes fell from $10.6 billion to $8.2 billion, yet remained significantly above the 2023 average of $1.5 billion.<\/p>\n<p>Investors poured $703 million into Bitcoin-related instruments following an outflow of $478.9 million in the previous reporting period.<\/p>\n<p>Clients withdrew $5.3 million from structures allowing short positions on the leading cryptocurrency, after a $10.6 million inflow the previous week.<\/p>\n<p>Altcoins saw inflows ranging from $0.1 million (XRP) to $13.4 million (Solana), except for Ethereum (-$6.4 million) and Avalanche (-$1.3 million).<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/2-706.webp\" alt=\"2-706\" class=\"wp-image-225397\"\/><figcaption class=\"wp-element-caption\">Data: CoinShares.<\/figcaption><\/figure>\n<p>Analysts from <a href=\"https:\/\/www.decentrader.com\/market_updates\/bitcoin-setting-the-scene-for-2024\/\">DecenTrader<\/a> have warned of potential Bitcoin corrections post-halving.<\/p>\n<p>Previously, former BitMEX CEO Arthur Hayes also suggested that in the short term, the price of digital gold could drop to $35,000 amid &#8220;excessive&#8221; inflation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Inflows into cryptocurrency investment products amounted to $708 million from January 27 to February 2, bringing the total since the start of the year to $1.58 billion, according to a report by CoinShares. A week earlier, analysts recorded an outflow of $499.7 million. Assets under management increased to $53 billion. Data: CoinShares. Net inflows into [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10434,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1191,569,1214,1145],"class_list":["post-10435","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-coinshares","tag-etf","tag-grayscale-bitcoin-trust","tag-market-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"11","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/10435","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=10435"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/10435\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/10434"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=10435"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=10435"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=10435"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}