Follow Us @
Investments in cryptocurrencies are 4 times greater in 2024 than in 2023
-Trending Marketing news, content marketing, latest Ways to rank your website, marketing discoveries, Local SEO, seo and social media marketing services. enjoy your stay on our website.
Managers of investment products in digital assets, including ETFs (exchange-traded funds), have many reasons to celebrate the end of the year: billions of reasons. This is because, with just a few days left before the year ends, the total acquisition volume reached US$44.5 billion.
According to the CoinShares report, this value is four times greater than any in previous years. The accumulation was updated after the second week of December registered the tenth consecutive sequence of accumulations. Between December 9th and 14th, managers acquired US$3.2 billion in digital assets. Of this total, $2 billion was in Bitcoin alone.
In addition to BTC, the Ethereum also stood out in terms of entry values, recording its seventh consecutive week in positive values. With more than US$20 billion under management, investors registered $1 billion in ETH-related product inflows.
Amid news of the launch of an ETF, the XRP recorded inflows of $145 million in the last week, around 25% of the accumulated total. Other assets that registered positive inflows in the last week were Short-Bitcoin ($14.6 billion), Litecoin ($2.2 billion)the Cardano ($1.9 billion), Solana ($1.7 billion) and the Chainlink ($700 million).
Brazil emerges as a destination for digital assets
The analysis also brought information about the countries from which most of these entries came. Highlights include the USA (US$3.138 billion), Switzerland (with US$35 million), Germany (US$32.9 million) and Brazil (US$24.7 million). Now, the Brazilian investors hold around 1.5 billion in products related to digital assetskeeping the country in sixth place overall.
THE Swedenwhich had outflows of US$820 million in Bitcoin, maintained fifth position, with more than US$4 billion in cryptocurrency investment products. The country lags behind United States, Switzerland, Canada and Germanywhich occupy the first four positions in the ranking, in ascending order.
The titles of ETPs are largely responsible for record inflows into cryptocurrency investment products. With an average of US$21 billion per week, ETFs represent around 30% of total Bitcoin volume traded on trusted exchanges.
In the isolated leadership in acquired titles is the BlackRock’s iShares Bitcoin Trust (IBIT), with $1.51 billion in inflows in the last week alone. In second place comes Fidelity Wise Origin Bitcoin (FBTC) with US$598.4 registered. This value is very close to third place, the ETH ETF also from BlackRock, iShares Ethereum Trust EFT, with inflows of US$523 million.
Investments in cryptocurrencies are 4 times greater in 2024 than in 2023
Follow TODAYSGIST on Google News and receive alerts for the main trending SEO news, Ai news, latest Ways to rank your website, marketing discoveries, Local SEO and lots more!
Investments in cryptocurrencies are 4 times greater in 2024 than in 2023
SHARE POST AND EARN REWARDS:
Did you like this post?!!! Join our Audience reward campaign and make money reading articles, shares, likes and comment >> Join reward Program
FIRST TIME REACTIONS:
Investments in cryptocurrencies are 4 times greater in 2024 than in 2023
Be the first to leave us a comment, down the comment section. click allow to follow this topic and get firsthand daily updates.
JOIN US ON OUR SOCIAL MEDIA: << FACEBOOK >> | << WHATSAPP >> | << TELEGRAM >> | << TWITTER >
Investments in cryptocurrencies are 4 times greater in 2024 than in 2023
