Crypto Markets Swell With $12 Billion Surge So Far In 2024, Spotlight On Bitcoin ETFs The cryptocurrency markets have seen a significant increase of $12 billion in 2024, with a focus on Bitcoin ETFs.
In the beginning of 2024, there has been a significant increase in investments in the cryptocurrency market, leading to record-high capital inflows into crypto funds. According to CoinShares data, over $210 billion has been invested in cryptocurrency products worldwide in the first quarter of the year. This significant amount shows a rise in investor trust and curiosity in digital assets, surpassing the total inflow for the whole of 2024 which was $10.6 billion. In related news, $1.8 billion asset manager Patient Capital is seeking to invest in Bitcoin ETFs and has submitted a request for approval. The increase in investment activity shows that cryptocurrencies are becoming more widely accepted in traditional markets. It emphasizes the important role of innovative financial products, specifically the US spot Bitcoin ETFs, in drawing substantial investments to the industry. The data shows the movement of crypto assets by country through exchanges. Coinshares provided the information. Increase in both the volume of records and assets under management (AUM). Coinshares reported that global crypto ETFs and ETPs received nearly $1.8 billion in inflows just this week. When it comes to ETFs, although there has been significant progress, there have still been obstacles along the way.