BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
FOLLOW
BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
BlockNews

Crypto Investment Boom with $1.32 Billion Poured into Digital Assets

by BlockNews.com Team
November 20, 2023
in Breaking News, Business, Crypto
A A
Crypto Investment Boom with $1.32 Billion Poured into Digital Assets

#image_title

2
SHARES
Share on TwitterShare on Reddit
  • Digital asset investment products have seen 8 consecutive weeks of inflows totaling $1.32 billion in 2022, driven by anticipation of spot Bitcoin ETF approval in the US.
  • Bitcoin remains the dominant asset, attracting 34% of total assets under management, but altcoins like Solana, Ethereum, and Avalanche are seeing significant inflows.
  • Trading volumes in ETPs now account for 11% of total crypto volumes, pointing to increasing institutional adoption in the crypto market.

Digital asset investment products have seen significant inflows in 2022, driven by anticipation around spot-based ETF approval in the US. Altcoins like Solana, Ethereum, and Avalanche are leading the charge.

🚨 NEWS: Solana, Ethereum, and Avalanche lead altcoin inflows as digital asset investments surge to $1.32 billion YTD.

Weekly investment inflows saw $176 million cumulative this past week.

This marks the eighth consecutive week of positive inflows, reports CoinShares. pic.twitter.com/eVucAOeq58

— BlockNews.com (@blocknewsdotcom) November 20, 2023

Ongoing Positive Momentum

  • Digital asset investment products saw inflows of $176 million this past week, marking the 8th consecutive week of positive inflows.
  • Inflows year-to-date now total $1.32 billion, although still below the massive 2021 ($6.7 billion) and 2020 ($6.6 billion) figures.
  • Trading volumes in ETPs have averaged $3 billion per week, twice the 2022 average of $1.5 billion.
  • ETPs now account for 11% of total crypto volumes, exceeding historical averages.

Global Breakdown

  • Canada, Germany, and Switzerland saw the largest inflows this past week at $98 million, $63 million, and $35 million respectively.
  • The United States saw outflows of $19 million from futures-based products.
  • Brazil, France, and Australia also saw positive inflows.

Bitcoin Still Dominant, Altcoins Gaining Steam

  • Bitcoin remains the largest asset, attracting $155 million in inflows over 8 weeks, now 34% of total AUM.
  • However, Solana led altcoins with $136 million in inflows this past week, followed by Ethereum ($33 million) and Avalanche ($18 million).
  • Other altcoins like Cardano, XRP, and Litecoin also saw positive inflows.

Conclusion

The ongoing bullish momentum in the crypto market is being led by anticipation of a spot Bitcoin ETF approval in the US. Inflows remain positive for 8 consecutive weeks. While Bitcoin still dominates, altcoins like Solana, Ethereum, and Avalanche are seeing significant capital inflows. The growth of ETPs as a share of total crypto volumes also points to increasing institutional adoption.

Tags: BlockchainBusinesscryptoCrypto ExchangeCrypto Regulation
Tweet1ShareShare1

DON'T MISS THESE! HOT OFF THE PRESS

GameStop Stock Continues Dump Following $500 Million Bitcoin Buy Plan: What Happened?
Bitcoin

GameStop Stock Continues Dump Following $500 Million Bitcoin Buy Plan: What Happened?

May 29, 2025
Trump’s Tariffs Reinstated: Crypto Markets Lose Over $100B Amid Legal Whiplash
Bitcoin

Trump’s Tariffs Reinstated: Crypto Markets Lose Over $100B Amid Legal Whiplash

May 29, 2025
Top 3 Altcoins You Need to Buy Before the Upcoming Altcoin Season (MASSIVE POTENTIAL)
Cardano

Top 3 Altcoins You Need to Buy Before the Upcoming Altcoin Season (MASSIVE POTENTIAL)

May 29, 2025
Chainlink Gears Up for Major Breakout: $35 Target in Sight
Chainlink

Chainlink Gears Up for Major Breakout: $35 Target in Sight

May 29, 2025
Analysts Believe THIS Could Propel Solana Over Ethereum in 2025
Crypto

Analysts Believe THIS Could Propel Solana Over Ethereum in 2025

May 29, 2025
Analysts Predict SHIB to Surge 37% in June 2025 Amid Whale Activity Spike
Crypto

Analysts Predict SHIB to Surge 37% in June 2025 Amid Whale Activity Spike

May 29, 2025
Load More

Related News

Sui Price Staging for Breakout, Say Analysts: How High Can Price Go?

Sui Price Staging for Breakout, Say Analysts: How High Can Price Go?

May 30, 2025
Avalanche Eyes Key Breakout Zone: Is $32 the Next Stop?

Avalanche Eyes Key Breakout Zone: Is $32 the Next Stop?

May 30, 2025
GameStop Stock Continues Dump Following $500 Million Bitcoin Buy Plan: What Happened?

GameStop Stock Continues Dump Following $500 Million Bitcoin Buy Plan: What Happened?

May 29, 2025
Trump’s Tariffs Reinstated: Crypto Markets Lose Over $100B Amid Legal Whiplash

Trump’s Tariffs Reinstated: Crypto Markets Lose Over $100B Amid Legal Whiplash

May 29, 2025
Top 3 Altcoins You Need to Buy Before the Upcoming Altcoin Season (MASSIVE POTENTIAL)

Top 3 Altcoins You Need to Buy Before the Upcoming Altcoin Season (MASSIVE POTENTIAL)

May 29, 2025
Discord Twitter Youtube TikTok Instagram

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology twitter US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • Home
  • Crypto
  • Memecoins
  • Technology
  • Politics
  • Finance
  • NFT
  • DeFi
  • Opinion

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.