Digital asset investment products saw $2.25bn of inflows for the full year in 2023, marking it as the third best year based on data back to 2017, according to the latest Digital Asset Weekly Fid Flows report from CoinShares.
Importantly the inflows were 2.7x the inflows seen in 2022, marking a dramatic turnaround for the asset class.
Bitcoin was, by a wide margin, the greatest benefactor from improving investor sentiment, with $1.9bn of inflows, representing 87% of total flows.
