Investments in digital asset products clocked in a massive surge in weekly inflows, reaching a total of $2.9 billion.
Furthermore, global Exchange-Traded Products surpassed the milestone of $100 billion for the first time during the week. However, a price correction towards the end of the week led to it settling at $97 billion. On the other hand, Canada, Germany, Sweden, and Switzerland collectively experienced outflows totaling $78 million last week. CoinShares noted that 2024 hasn’t started on a positive note despite Bitcoin’sBitcoin experienced inflows amounting to $2.86 billion last week, constituting 97% of the total inflows for the year so far. Meanwhile, short Bitcoin witnessed its highest inflows in a year, reaching a total of $26 million, marking the fifth consecutive week of such inflows.
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