30s Summary

Bitcoin and other cryptocurrencies continue to see high investment, with $3.2 billion entering digital asset products from December 9-13. This followed $3.85 billion the previous week, bringing 2024’s total up to $44.5 billion. Bitcoin drew in $2 billion the past week, with its total investor attraction reaching $11.5 billion after the U.S. presidential election. Meanwhile, Ether brought in $1 billion. Across countries, the U.S had $3.1 billion inflows, followed by Switzerland’s $35.6 million and Germany’s $33 million. Only Sweden saw a dip, losing $19 million.

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Bitcoin isn’t slowing down and crypto fans are continuing their buying spree as Bitcoin keeps setting new records. Crypto investors are pouring their money into the crypto world for the tenth week in a row, according to the latest news from investment company CoinShares.

In fact, from December 9 to 13, as much as $3.2 billion went into digital asset investment products. And that’s just a week after a whopping $3.85 billion was invested, bringing the total for 2024 to a jaw-dropping $44.5 billion.

Talk about a growth spurt! This hasn’t stopped since early October and in the past 10 weeks alone, $20.3 billion has been invested. This makes up almost half of all the funds that have gone into this market this year.

Bitcoin, as one of the heavy hitters of the crypto world, brought in $2 billion this past week. Since the U.S. presidential election, Bitcoin investment products have attracted a total of $11.5 billion. Even the short Bitcoin products are seeing more action, with inflows increasing by $14.6 million versus the previous week.

Big financial players are getting their piece of the pie too. BlackRock’s Bitcoin Trust ETF brought in $2 billion, while Grayscale’s Bitcoin Trust saw a retreat of $145 million.

Another huge crypto player, Ether, had a strong week in investments, pulling in $1 billion last week alone. Over the past seven weeks, various Ether-based products have seen an increase of $3.7 billion.

These financial waves were observed almost everywhere with just one region experiencing a downtrend last week. The U.S. was the biggest player with $3.1 billion in inflows, followed by Switzerland and Germany which brought in $35.6 million and $33 million respectively. Only Sweden experienced a dip in crypto product inflows, losing $19 million last week.