Investors
poured
over
$2
billion
into
digital
asset
investment
exchange-traded
products
(ETPs)
in
2023,
making
it
the
third
largest
year
for
net
inflows
dating
back
to
2017,
according
to
data
provided
by
CoinShares.
At
$2.2
billion,
2023
inflows
were
more
than
double
that
of
2022.
The
majority
of
this
money
hit
in
the
final
quarter,
said
CoinShares’
James
Butterfill,
as
it
became
“increasingly
clear
that
the
SEC
was
warming
up
to
the
launch
of
bitcoin
spot-based
ETFs
in
the
United
States.”
The
final
week
of
2023
alone
saw
$243
million
of
net
inflows
into
digital
asset
ETPs.
Bitcoin
(BTC)
dominated
the
numbers
with
$1.9
billion
of
inflows
last
year,
or
87%
of
the
$2.2
billion
total.
That
ratio
was
the
largest
ever,
said
CoinShares,
with
the
prior
high
of
80%
taking
place
in
2020.
The
price
of
bitcoin
rallied
across
the
year,
climbing
around
155%
to
close
2023
above
$42,000.
