---
title: "CoinShares Reports $2.3 Billion Inflows Since Grayscale vs SEC Lawsuit, 4.4% of AuM"
url: https://diffcoin.com/coinshares-reports-2-3-billion-inflows-since-grayscale-vs-sec-lawsuit-4-4-of-aum/
description: "The approval of a spot Bitcoin ETFs might not be a sell-the-news event, according to CoinShares report."
published: 2024-01-10
updated: 2024-01-10
author: "Mila"
site: "Diffcoin"
---

# CoinShares Reports $2.3 Billion Inflows Since Grayscale vs SEC Lawsuit, 4.4% of AuM

The debut week of 2024 marked a promising start for digital asset investment products, reaching inflows of $151 million in assets.

This brought the total inflows since the Grayscale vs. SEC lawsuit to $2.3 billion, constituting 4.4% of all assets under management (AuM), as per prominent asset manager CoinShares.

## Spot Bitcoin ETF Not ‘Buy The Rumor Sell The News’

According to CoinShares’ latest report, if many truly believed the launch of the ETF in the US would be a “buy the rumor, sell the news” event, there would be a surge in inflows into short-BTC ETPs. Surprisingly, however, there have been outflows totaling $7 million over the past nine weeks.

Bitcoin experienced the highest influx, amounting to $113 million, contributing to a cumulative inflow of 3.2% of Assets under Management (AuM) over the same period. Meanwhile, short-bitcoin ETPs witnessed outflows amounting to $1 million in the first week of the year.

All eyes are on a spot Bitcoin ETF approval by the US Securities and Exchange Commission (SEC). Despite the product not being launched yet in the country, the report found that 55% of the inflows were from US exchanges. Meanwhile, Germany and Switzerland witnessed 21% and 17% inflows, respectively.

## Solana Sees 2024’s First Outflows

Solana emerged as one of the top-performing assets in the year 2023, leading to substantial inflows into digital asset products during the latter part of that year, accumulating year-to-date inflows of $74 million.

However, the outset of the year 2024 has not been as favorable for the altcoin, as evidenced by outflows amounting to $5.3 million.

Ethereum, on the other hand, saw inflows totaling $29 million. Over the last nine weeks, the asset saw a substantial shift in sentiment, with total inflows reaching $215 million. Other altcoins that saw notable inflows include Cardano, Avalanche, and Litecoin, whose numbers stand at $3.7 million, $2 million, and $1.4 million, respectively.

Blockchain equities also displayed a promising start to the year, recording $24 million in inflows over the last week.

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[Source link](https://cryptopotato.com/coinshares-reports-2-3-billion-inflows-since-grayscale-vs-sec-lawsuit-4-4-of-aum/)