The digital asset investment products experienced inflows of $2.25 billion throughout the entire 2023. This places it as the third-best year based on data dating back to 2017, with 2020 recording $6.6 billion and 2021 reaching $10.7 billion, according to the latest report by CoinShares.
As such, the inflows for 2023 were 2.7 times higher than those observed in 2022, marking a substantial rebound for the asset class.
The majority of this recovery occurred in the final quarter, coinciding with increasing indications that the SEC was becoming more receptive to the introduction of spot-based Bitcoin ETFs in the United States. Total assets under management (AuM) experienced a 129% increase over the year, concluding at $51 billion, the highest level since March 2022.
Bitcoin Breaks Records with 87% Share of Inflows
Bitcoin appears to be riding high on investor confidence, as evidenced by CoinShares’ latest findings,…
