According to the report, from CoinShares digital asset investment products received an inflow of $151 million during the first week of 2024. This brings the inflow since Grayscales lawsuit against the SEC to $2.3 billion.
Among the assets Bitcoin experienced the inflow at $113 million accounting for 3.2% of managed assets over the past nine weeks. Ethereum saw a fund inflow of $29 million contributing to an inflow of $215 million in recent weeks indicating a positive shift in market sentiment. However Solana faced difficulties at the beginning of this year with an outflow of $5.3 million.
On another note shorting Bitcoin resulted in an outflow of $1 million during the week of this year. Conversely blockchain stocks had a start, with an inflow of $24 million week.