- Bitcoin-related assets saw $19 billion in inflows in 2022, a 400% increase from 2021, making up over 86% of crypto investment inflows. This surge was driven by anticipation of potential US spot Bitcoin ETF approvals.
- Solana emerged as an investor favorite, seeing $1.67 billion in inflows as its token price rallied 850% amid new users and partnerships.
- Despite new Ether futures ETF launches, Ethereum saw less than $100 million in investment product inflows, the least of top crypto assets. Other altcoins like Litecoin and Cardano saw modest inflows.
Crypto-related products, including Bitcoin and Solana, saw huge inflows throughout 2022, signaling renewed interest in the sector.
Bitcoin Dominates Inflow
Bitcoin-related assets made up over 86% of recorded inflows last year, totaling $19 billion. This marks a 400% increase from 2021.
Inflows into Bitcoin products surged due to anticipation over the potential approval of spot Bitcoin ETFs in the US.
Solana Emerges as Investor Favorite
Solana saw $1.67 billion in inflows as its token price rallied 850% amid new users and partnerships.
Ethereum Gets Least Love
Despite new Ether futures ETFs launching, Ethereum investment products saw less than $100 million in inflows.
Some Take Bearish Stance
While sentiment was largely bullish, some investors took a bearish position, with $60 million flowing into Short Bitcoin products.
Other Assets See Modest Inflows
Digital assets like Litecoin, XRP, Polkadot and Cardano ended 2022 with a combined $41 million in inflows. The surge in crypto investments signals renewed confidence in the market following a turbulent 2022.
