{"id":568105,"date":"2024-01-04T20:30:50","date_gmt":"2024-01-04T20:30:50","guid":{"rendered":"https:\/\/uniquehot.com\/?p=568105"},"modified":"2024-01-04T15:36:44","modified_gmt":"2024-01-04T15:36:44","slug":"crypto-funds-flourish-in-2023-coinshares-reports-2-2-billion-inflow","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/crypto-funds-flourish-in-2023-coinshares-reports-2-2-billion-inflow\/","title":{"rendered":"Crypto Funds Flourish In 2023: CoinShares Reports $2.2 Billion Inflow"},"content":{"rendered":"<p>CoinShares, a leading crypto asset investment firm, <a href=\"https:\/\/blog.coinshares.com\/2023-digital-asset-fund-flows-weekly-report-db1cb09abd74\" target=\"_blank\" rel=\"noopener nofollow\">reported<\/a> a substantial $2.2 billion inflows into digital asset investment products in 2023. This figure represents a notable 2.7-fold increase from the inflows seen in 2022, marking it as the third-largest year for such investments since 2017.<\/p>\n<p>According to James Butterfill, Head of Research at CoinShares, this increase signals a significant shift in investor sentiment and <a href=\"https:\/\/uniquehot.com\/bitcoin-news\/crypto-futures-razed-657-million-bitcoin-crash\/\" target=\"_blank\" rel=\"noopener \">market dynamics<\/a> compared to the previous year.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/bitcoin-news\/crypto-futures-razed-657-million-bitcoin-crash\/\" target=\"_blank\" rel=\"noopener \">Crypto Futures Razed To Ground As $659 Million Rekt With Bitcoin Crash<\/a><\/div>\n<p>Despite this uptick, the inflows remained under the record highs of $10.7 billion in 2021 and $6.6 billion in 2020. Butterfill attributes much of the recovery to the final quarter of the year, noting:<\/p>\n<blockquote><p>[This was] where it became increasingly clear that the SEC was warming up to the launch of bitcoin spot-based ETFs in the United States.<\/p><\/blockquote>\n<h2>Diverse Investment Trends Across Crypto Funds<\/h2>\n<p>Bitcoin investment products were the primary beneficiaries, accounting for $1.9 billion or 87% of yearly inflows. This dominance of Bitcoin-related inflows marks the largest percentage allocation to date, surpassing the previous peak of 80% in 2020 and significantly higher than the 42% seen 5 years ago in 2017.<\/p>\n<p>Butterfill noted no clear trend in this allocation, suggesting that the hype surrounding US SEC-approved spot ETF might be a contributing factor.<\/p>\n<p>In contrast, Ethereum investment products saw a modest recovery in inflows towards the year&#8217;s end, totaling $78 million. However, this represented only 0.7% of Coinshares&#8217; total Assets Under Management (AUM). On the other hand, Solana investment products recorded inflows of $167 million or 20% of the firm&#8217;s total AUM in 2023.<\/p>\n<p>The US led the pack in terms of inflows in dollar terms, with $792 million, followed by Germany with $663 million and Canada with $543 million. However, when analyzing inflows as a percentage of AUM, the US saw a modest 2% increase, while Germany and Canada witnessed a more significant growth of 22% and 15% of AUM, respectively.<\/p>\n<p>This disparity suggests a regional variation in<a href=\"https:\/\/uniquehot.com\/bitcoin-news\/bitcoin-road-to-record-heights-analysts-forecast-post-halving-surge\/\" target=\"_blank\" rel=\"noopener \"> investor preferences<\/a> and strategies, particularly in the US, where the anticipation of a spot-based ETF may have influenced investment choices, according to Butterfill.<\/p>\n<p>In total, assets under management at these funds surged by 129% over the year, hitting a high of $51 billion, a value not seen since March 2022. Blockchain equities also saw a rise, with <a href=\"https:\/\/uniquehot.com\/crypto\/why-the-crypto-flash-could-be-the-buy-the-dip-moment\/\" target=\"_blank\" rel=\"noopener \">inflows increasing<\/a> 3.6 times to $458 million in 2023, resulting in a 109% rise in AUM.<\/p>\n<h2>Recent Market Recovery Post-Matrixport&#8217;s Report<\/h2>\n<p>The crypto market, however, is not without its recent turmoil. The market faced a setback following a <a href=\"https:\/\/www.matrixport.com\/institutions\/research\/matrix-on-target\/813\" target=\"_blank\" rel=\"noopener nofollow\">bearish report<\/a> by Matrixport, which speculated on the rejection of spot\u00a0<a href=\"https:\/\/uniquehot.com\/bitcoin-news\/bitcoin-at-a-crossroads-economists-doom-prediction-clashes-with-spot-etf-approval-hopes\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a>\u00a0ETFs by the US SEC.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/bitcoin-news\/bitcoin-plunges-more-than-6-amid-matrixports-contradictory-reports\/\" target=\"_blank\" rel=\"noopener \">From Bullish To Bearish, Bitcoin Plunges More Than 6% Amid Matrixport\u2019s Contradictory Reports<\/a><\/div>\n<p>This report triggered a brief <a href=\"https:\/\/uniquehot.com\/bitcoin-news\/bitcoin-plunges-more-than-6-amid-matrixports-contradictory-reports\/\" target=\"_blank\" rel=\"noopener \">market downturn<\/a>, with Bitcoin and Ethereum experiencing significant drops. Nonetheless, both cryptocurrencies show signs of recovery, with Bitcoin regaining its $43,000 mark and Ethereum climbing above $2,200.<\/p>\n<figure style=\"width: 2770px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/iq5wfE6h\/\" alt=\"Bitcoin\u2019s (BTC) price chart on TradingView\" width=\"2770\" height=\"1556\"><figcaption class=\"wp-caption-text\">Bitcoin\u2019s (BTC) price is moving sideways on the 4-hour chart. Source: BTC\/USDT on <a href=\"https:\/\/www.tradingview.com\/chart\/HSuSIPeM\/?symbol=BINANCE%3ABTCUSDT\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/figcaption><\/figure>\n<p>Featured image from Unsplash, Chart from Tradingview<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CoinShares, a leading crypto asset investment firm, reported a substantial $2.2 billion inflows into digital asset investment products in 2023. This figure represents a notable 2.7-fold increase from the inflows seen in 2022, marking it as the third-largest year for such investments since 2017. According to James Butterfill, Head of Research at CoinShares, this increase signals a significant shift in investor sentiment and market dynamics compared to the previous year. Related Reading: Crypto Futures Razed To Ground As $659 Million Rekt With Bitcoin Crash Despite this uptick, the inflows remained under the record highs of $10.7 billion in 2021 and $6.6 billion in 2020. Butterfill attributes much of the recovery to the final quarter of the year, noting: [This was] where it became increasingly clear that the SEC was warming up to the launch of bitcoin spot-based ETFs in the United States. Diverse Investment Trends Across Crypto Funds Bitcoin investment products were the primary beneficiaries, accounting for $1.9 billion or 87% of yearly inflows. This dominance of Bitcoin-related inflows marks the largest percentage allocation to date, surpassing the previous peak of 80% in 2020 and significantly higher than the 42% seen 5 years ago in 2017. Butterfill noted no clear trend in this allocation, suggesting that the hype surrounding US SEC-approved spot ETF might be a contributing factor. In contrast, Ethereum investment products saw a modest recovery in inflows towards the year&#8217;s end, totaling $78 million. However, this represented only 0.7% of Coinshares&#8217; total Assets Under Management (AUM). On the other hand, Solana investment products recorded inflows of $167 million or 20% of the firm&#8217;s total AUM in 2023. The US led the pack in terms of inflows in dollar terms, with $792 million, followed by Germany with $663 million and Canada with $543 million. However, when analyzing inflows as a percentage of AUM, the US saw a modest 2% increase, while Germany and Canada witnessed a more significant growth of 22% and 15% of AUM, respectively. This disparity suggests a regional variation in investor preferences and strategies, particularly in the US, where the anticipation of a spot-based ETF may have influenced investment choices, according to Butterfill. In total, assets under management at these funds surged by 129% over the year, hitting a high of $51 billion, a value not seen since March 2022. Blockchain equities also saw a rise, with inflows increasing 3.6 times to $458 million in 2023, resulting in a 109% rise in AUM. Recent Market Recovery Post-Matrixport&#8217;s Report The crypto market, however, is not without its recent turmoil. The market faced a setback following a bearish report by Matrixport, which speculated on the rejection of spot\u00a0Bitcoin\u00a0ETFs by the US SEC. Related Reading: From Bullish To Bearish, Bitcoin Plunges More Than 6% Amid Matrixport\u2019s Contradictory Reports This report triggered a brief market downturn, with Bitcoin and Ethereum experiencing significant drops. Nonetheless, both cryptocurrencies show signs of recovery, with Bitcoin regaining its $43,000 mark and Ethereum climbing above $2,200. Featured image from Unsplash, Chart from Tradingview<\/p>\n","protected":false},"author":580,"featured_media":545044,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1119,78790,6664,8323,1946],"class_list":["post-568105","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-btcusdt","tag-crypto","tag-eth","tag-ethereum"],"acf":[],"yoast_head":"\n<title>Crypto Funds Flourish In 2023: CoinShares Reports $2.2 Billion Inflow<\/title>\n<meta name=\"description\" content=\"CoinShares, a leading crypto asset investment firm, reported a substantial $2.2 billion in inflows into digital asset investment products...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.\",\"sameAs\":[\"https:\/\/x.com\/0xEdyme\"],\"url\":\"https:\/\/uniquehot.com\/author\/samueledymeabayomi\/\"}]}<\/script>\n","yoast_head_json":{"title":"Crypto Funds Flourish In 2023: CoinShares Reports $2.2 Billion Inflow","description":"CoinShares, a leading crypto asset investment firm, reported a substantial $2.2 billion in inflows into digital asset investment products...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/uniquehot.com\/news\/crypto-funds-flourish-in-2023-coinshares-reports-2-2-billion-inflow\/","og_locale":"en_US","og_type":"article","og_title":"Crypto Funds Flourish In 2023: CoinShares Reports $2.2 Billion Inflow","og_description":"CoinShares, a leading crypto asset investment firm, reported a substantial $2.2 billion in inflows into digital asset investment 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/uniquehot.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Crypto Funds Flourish In 2023: CoinShares Reports $2.2 Billion Inflow","url":"http:\/\/uniquehot.com\/news\/crypto-funds-flourish-in-2023-coinshares-reports-2-2-billion-inflow\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/crypto-funds-flourish-in-2023-coinshares-reports-2-2-billion-inflow\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/07\/istockphoto-482730527-612x612-1.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/07\/istockphoto-482730527-612x612-1.jpg?fit=612%2C459"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Samuel Edyme"}],"creator":["Samuel Edyme"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc","btcusdt","crypto","eth","ethereum"],"dateCreated":"2024-01-04T20:30:50Z","datePublished":"2024-01-04T20:30:50Z","dateModified":"2024-01-04T20:30:50Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Crypto Funds Flourish In 2023: CoinShares Reports $2.2 Billion Inflow\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/crypto-funds-flourish-in-2023-coinshares-reports-2-2-billion-inflow\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/crypto-funds-flourish-in-2023-coinshares-reports-2-2-billion-inflow\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/istockphoto-482730527-612x612-1.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/istockphoto-482730527-612x612-1.jpg?fit=612%2C459\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Samuel Edyme\"}],\"creator\":[\"Samuel Edyme\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\",\"btcusdt\",\"crypto\",\"eth\",\"ethereum\"],\"dateCreated\":\"2024-01-04T20:30:50Z\",\"datePublished\":\"2024-01-04T20:30:50Z\",\"dateModified\":\"2024-01-04T20:30:50Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/07\/istockphoto-482730527-612x612-1.jpg?fit=612%2C459","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/568105"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/580"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=568105"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/568105\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/545044"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=568105"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=568105"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=568105"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}