Capital inflows into crypto funds and investment products plummeted during the first week of January after posting new all-time highs in late-December. According to crypto fund manager CoinShares’ Jan. 11 Digital Asset Fund Flows report, the first week of trading in the new year saw just $29 million flow into institutional crypto products. That’s a greater than 97% decline from the $1.09 billion invested during the week before Christmas. Volumes are likely to have been dampened by traders taking holidays over the new year.
However the firm also notes that December’s surging inflows have been followed by recent “evidence of potential profit taking,” with multiple crypto investment products recording weekly outflows in early January.
As of Jan. 8, CoinShares estimated that $34.4 billion in capital was held in crypto investment products — of which $27.5 billion, or 80%, was in locked BTC funds, while $4.7 billion, or roughly 13.5%, was invested in ETH products.
The report notes that Bitcoin funds have also produced stronger volumes recentl than during the December 2017 bull run, stating: “We have seen much greater investor participation this time round with net new assets at US$8.2bn compared to only US$534m in December 2017.”
# | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
1 | BTC | Bitcoin predictions | 78% | 33 | $62 706.80 | -1.21% | -1.68% | $1 239 378 185 376 | ||
---|---|---|---|---|---|---|---|---|---|---|
2 | ETH | Ethereum predictions | 79.6% | 43 | $2 439.89 | -1.94% | -7.71% | $293 713 346 867 | ||
3 | USDT | Tether predictions | 95.6% | 1 | $0.999766 | -0.01% | 0.03% | $119 829 220 483 | ||
4 | BNB | Binance Coin predictions | 78.8% | 35 | $569.43 | -0.69% | -1.87% | $83 097 793 270 | ||
5 | SOL | Solana predictions | 75.2% | 45 | $144.16 | -3.76% | -7.43% | $67 648 593 118 | ||
6 | USDC | USD Coin predictions | 92.8% | 1 | $0.999956 | -0.01% | 0% | $35 323 955 374 | ||
7 | XRP | XRP predictions | 77.6% | 43 | $0.533715 | -1.52% | -13.93% | $30 189 072 303 | ||
8 | DOGE | Dogecoin predictions | 78.4% | 32 | $0.109363 | -3.76% | -7.59% | $15 997 205 997 | ||
9 | TRX | TRON predictions | 96% | 1 | $0.156212 | 1.47% | -0.16% | $13 524 348 756 | ||
10 | TON | Toncoin predictions | 80.4% | 30 | $5.24 | -1.66% | -9.83% | $13 296 717 987 | ||
11 | ADA | Cardano predictions | 80.4% | 38 | $0.354840 | -2.61% | -7.20% | $12 405 595 268 | ||
12 | AVAX | Avalanche predictions | 67.6% | 60 | $26.90 | -1.26% | -5.57% | $10 935 151 377 | ||
13 | SHIB | SHIBA INU predictions | 56.8% | 94 | $0.000018 | -4.99% | -4.57% | $10 317 981 112 | ||
14 | STETH | Lido stETH predictions | 93.6% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 | ||
15 | WTRX | Wrapped TRON predictions | 92.4% | 1 | $0.116354 | -0.46% | 0.23% | $10 171 995 609 |
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