Digital Asset Fund Flows | February 12th 2024

Inflows of US$1.1bn, momentum of inflows into new issuers not slowing

Digital asset investment products saw inflows of US$1.1bn, bringing year-to-date inflows to US$2.7bn. AuM is at highest level since early 2022 at US$59bn.
Regionally, the focus remained on the newly issued spot-based Bitcoin ETFs in the US, which saw a net US$1.1bn inflows last week, bringing inflows since the January 11th launch to US$2.8bn.
Bitcoin saw almost 98% of the inflows, while the price appreciation also buoyed sentiment for Ethereum and Cardano.

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