Weekly investment flow into cryptocurrency, such as from Bitcoin ETFs, 2023-2024
Cryptocurrency investment products pumped several billions worth of investment into cryptocurrency in 2024, after the U.S. SEC allowed for Bitcoin ETFs. This is according to a weekly ranking on how many investments come into the crypto market, which has been collected by Statista. Inflow - or the positive value of investments - was highest in the week leading up to March 15, 2024, when cryptocurrency received 2.9 billion U.S. dollars worth of investments dedicated to such an end. In that specific week, the Bitcoin price reached a new all-time high. Bitcoin ETFs have been instrumental in this investment flow. The biggest Bitcoin ETFs in 2024 is Grayscale's Bitcoin Trust, with the U.S. fund owning well over 300,000 Bitcoin.
