Experts analyzed financial flows from December 17 to December 23, 2023. The majority of the influx came from Bitcoin-based products: $86.7 million, accounting for 85% of the total. Ether-related crypto funds raised $7.9 million. Solana-related products significantly improved their performance, with projects receiving $6 million in funding.
Germany saw the largest influx of any country, accounting for 40% of the total. Canada is in second place, accounting for 25% of the total number of cryptocurrency-based products. 20% of the profits were received by crypto funds from the USA and almost 15% from Switzerland.
Analysts said that the influx of funds into crypto funds has continued since September 29 this year. Previous reports from CoinShares suggested that this success may be due to the pending approval of a spot Bitcoin ETF by the US Securities and Exchange Commission (SEC), which could occur as early as early January 2024.
According to Bitfinex, against the backdrop of a bullish market trend, the number of cryptocurrency users in the coming year could reach 950 million. As of December 1, 2023, the number of crypto asset holders is about 575 million.
Source: Bits
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