Global Digital Asset Fund Inflows Hit $48.67 Billion in 2024
Despite market volatility, digital asset products experienced $3.17 billion in weekly inflows, with Bitcoin and altcoins like Ethereum, Solana, and XRP driving growth.
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Summary
CoinShares' report reveals a surge in digital asset inflows, with $3.17 billion added last week, pushing year-to-date totals to $48.7 billion. Bitcoin led with $2.67 billion in inflows, while Ethereum saw $338 million. Solana and XRP had more modest inflows, totaling $93.3 million and $61.6 million, respectively. However, market volatility due to U.S.-China tariff news impacted total assets under management, which fell to $242 billion.
Terms & Concepts
- Digital Asset Fund Inflows: The total capital invested into funds focused on cryptocurrencies and other blockchain-based digital assets over a given period.
- Altcoins: Cryptocurrencies other than Bitcoin, often designed to improve upon or offer alternatives to Bitcoin’s features.
- SOL and XRP: SOL refers to Solana’s native token, and XRP is Ripple’s digital asset used for cross-border payments.