It's been a week since the launch of the long-awaited Bitcoin Spot ETFs but the post launch impact on prices of crypto market are not much visible but it surely started a bullish momentum in the market. Apart from prices, there is another important factor in the trading space, that's the volume. For sure, we can see the huge impact in the daily trading volumes as well as the net flows of the money in the crypto space. In this article, we will look into some of these things with different dimensions. So, let's get started...!!

The Complete Picture

We can clearly see in the below picture, how drastic a rise it is in the inflow of the Digital Asset Investments. It is rare to see the investments flow in billions on weekly basis, but last week we saw the total of $1.18 billion money getting poured into the crypto space.

Although, in the chart it might seem the highest, but it is not! The highest weekly inflow was recorded in October 2021, at the time of the launch of Bitcoin futures ETFs, which were around $1.5 billion in a single week! But the previous week had set one record, a total $17.5 billions in trading volume in a single week, which is highest recorded weekly volume. In 2022, the average weekly trading volume was around ~$2 billion, but surely by 2024, the Volume will cross this average!

Token/Coin-Wise Inflows

As expected, in this field Bitcoin is the crypto with the highest inflow has been seen in the last week. There was around ~$1.15 billion flowed into Bitcoin only, which is around 98% of the total net inflow. Although, there is significant investment in the Bitcoin, there is also a small rise investment of $4.1 million invested in shorting Bitcoin, which means trading on the downside of the Bitcoin.

As you can see in the above picture, after Bitcoin, the most promising Altcoin in the space, Ethereum has seen an investment of $25.7 million last week. It is interesting, how in the previous article, Solana was on the second number but now it has only seen an investment of $0.5 million. Ethereum has shown strength and regained it's second position and reclaimed the first position among altcoins. Apart from those two, Ripple's XRP and Cardano has seen the good amount of investment, $2.2 million & $1.4 million respectively.

Region-Wise Inflows

After going token-wise dimension, it's time to explore the region wise investments. As we all know, with the approved Bitcoin Spot ETFs, the doors has been opened for the institutional investors in USA. And we saw the flood of investments in USA (as expected!), of around $1.24 billion in last week. This accounts for the more than the total net inflow!! This is massive amount coming from the United States.

src: Bloomberg/Coinshares 

Followed by Switzerland and Brazil, respectively $24.2 million and $5.6 million investments. Surprisingly, previous week's top regional rankers Canada and Germany both had net outflow of $44.2 million & $27.5 million respectively.

Conclusion

The institutional investors put massive amount of their money in Bitcoin ETFs, and forcing Asset Management Firms to stock up their piles with Bitcoins. And the game has just begun, soon there will be a scarcity factor comes into play and we might see the squeeze. Well, this is what seems in most ideal scenarios, but this is not going to be this straightforward, there will be multiple pullbacks, some will be natural pullbacks, some might be manipulated! And it's your test whether you hold onto it, shake it up or shake it up and pick it up again at right time! Whatever feels right to you, you do it, but be careful, cause Big & Shady players just joined the game!

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