CoinShares reports total 2023 inflows now exceed 2022


A report released by CoinShares, Europe’s leading alternative asset management company, on November 6 shows that the current total inflow of digital asset investment products is US$261 million.

This is the sixth consecutive week of inflows, totaling $767 million, surpassing 2022’s total inflows of $736 million.

Bitcoin still leads

as part of that reportBitcoin accounted for the majority of inflows, totaling $229 million, bringing the world’s largest cryptocurrency’s year-to-date inflows to $842 million. CoinShares said the move could be attributed to the possible launch of a spot-based ETF in the United States.

When comparing the data by region, CoinShares’ prediction was correct, as the United States led all regions in inflows at $157 million, followed closely by Germany, Switzerland, and Canada.

Meanwhile, Ethereum has also generated investor excitement, with inflows of $17.5 million, the largest since August 2022.

Building on earlier numbers

This is based on an October 30 report, which also noted that digital asset inflows were the highest since 2022, totaling $326 million. As interest in spot Bitcoin ETFs continues to grow, it’s no surprise that this number continues to improve week by week.

Just three days ago, Valkyrie’s McClurg also expressed her optimism that approval is expected in November 2023, adding to investor excitement.

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