11M
...
Inflows into crypto investment products eclipsed $2.2 billion in 2023 — nearly triple the total seen the prior year.
Net inflows into such vehicles spiked sharply from the roughly $800 million seen in 2022. However, the yearly total lagged 2020 and 2021, during which crypto products notched inflows of $6.6 billion and $10.7 billion, CoinShares data shows.
The segment’s assets under management increased by 129% during 2023, ending at $51 billion — the highest level since March 2022.
“Much of the recovery was in the final quarter where it became increasingly clear that the [US Securities and Exchange Commission] was warming up to the launch of bitcoin spot-based ETFs in the…
Read more on Blockworks