CoinShares Digital Asset Investment Products Saw Net Inflows of 151 Million Last Week with Bitcoin Leading the Way

According to data from the digital asset management company CoinShares, digital asset investment products saw a net inflow of $151 million in the first week of 2024, bringing the total net inflow to $2.3 billion since the lawsuit between Grayscale and the U.S. Securities and Exchange Commission (SEC), accounting for 4.4% of Assets under Management (AuM).
The net inflow of Bitcoin investment products was the largest, reaching $1.13 billion, with total inflows over the past 9 weeks accounting for 3.2% of AuM, while the outflow of short Bitcoin investment products in the first week of this year was $1 million.
James Butterfill, Head of Research at CoinShares, stated that if many people believe that the launch of a U.S. Bitcoin spot ETF is a “buy the rumour, sell the news” event, then “we would certainly expect to see net inflows into short Bitcoin ETPs”. Conversely, there has been a total net outflow of $7 million over the past 9 weeks.
Ethereum investment products attracted a net inflow of $29 million, with a total net inflow of $215 million over the past 9 weeks, indicating a significant improvement in market sentiment. On the other hand, Solana did not have a smooth start this year, with a total net outflow of $53 million.
In terms of other altcoin investment products, Cardano, Avalanche, and Litecoin saw net inflows of $3.7 million, $2 million, and $1.4 million respectively. Blockchain stocks also had a good start this year, with inflows of $24 million last week.