Bitcoin ETFs Drive Record Inflows: People put $1.1 billion into digital asset investments, making the total for the year $2.7 billion. Almost all of this money, 98%, went into Bitcoin. The increase in Bitcoin’s price also made people feel more positive about Ethereum and Cardano.
With recent price rises, the total value of managed assets, now at $59 billion, is the highest it has been since early 2022.
In the US, people are really interested in the new Bitcoin ETFs that track the actual price of Bitcoin. Last week, these ETFs got $1.1 billion more invested in them. Since they started on January 11th, they’ve had a total of $2.8 billion invested in them.
Even though fewer people are leaving the big companies, there might be more leaving soon because Genesis might sell its assets worth $1.6 billion.
Money leaving other places has gone down, with Germany seeing a small loss of $10 million and Canada losing $17 million. But, last week, Switzerland saw an increase, gaining $35 million.
Almost all the money invested went into Bitcoin. This made the prices go up and also helped Ethereum and Cardano, which received $16 million and $6 million in investments. Small amounts of money were also invested in Avalanche ($0.5 million), Polygon ($0.4 million), and Tron ($0.4 million).
People took out US$0.5 million from Uniswap and US$0.4 million from Short-bitcoin. One company in blockchain stocks saw US$67 million withdrawn, but other companies together had US$19 million put in.
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