{"id":568614,"date":"2024-01-08T19:00:31","date_gmt":"2024-01-08T19:00:31","guid":{"rendered":"https:\/\/wncen.com\/?p=568614"},"modified":"2024-01-08T16:08:51","modified_gmt":"2024-01-08T16:08:51","slug":"bullish-beginning-poured-into-crypto-funds-in-2024s-first-week","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bullish-beginning-poured-into-crypto-funds-in-2024s-first-week\/","title":{"rendered":"A Bullish Beginning? $151 Million Poured Into Crypto Funds In 2024\u2019s First Week"},"content":{"rendered":"

The first week of 2024 marked a notable milestone in crypto asset investments. Investment products in this particular sector witnessed inflows amounting to $151 million, according to a recent report<\/a> from CoinShares.<\/p>\n

Crypto Asset Funds Sees Surge In Inflows<\/h2>\n

This $151 million surge in inflow, as highlighted by James Butterfill, Head of Research at CoinShares, is particularly noteworthy in light of the Grayscale vs. US Securities and Exchange Commission (SEC) lawsuit, with these inflows contributing to a total of $2.3 billion since the case began in October 2022.<\/p>\n

Related Reading: Crypto Funds Flourish In 2023: CoinShares Reports $2.2 Billion Inflow<\/a><\/div>\n

This amount accounts for 4.4% of the firm\u2019s total managed assets. Even without a spot exchange-traded fund (ETF) launch in the US, Butterfill revealed that American exchanges contributed to over half of these inflows, at 55%. German and Swiss exchanges followed, contributing 21% and 17% of the inflows, respectively.<\/p>\n

\"Crypto
Crypto asset flows by country. | Source: Coinshares<\/a><\/figcaption><\/figure>\n

Bitcoin emerged as the leader in investment inflows, amassing $113 million. This substantial sum equates to 3.2% of the total assets under management (AuM) in the last nine weeks.<\/p>\n

James Butterfill pointed out an interesting trend that challenges the anticipation of the US SEC approval of a spot Bitcoin ETF being a “buy the rumor, sell the news” event. Butterfill noted in the report:<\/p>\n

If many truly believed that launch of the [spot] ETF in the US would a \u201cbuy the rumour, sell the news\u201d event, we surely would expect to see inflows into short-bitcoin ETPs, instead, outflows over the last 9 weeks have amounted to US$7m.<\/p><\/blockquote>\n

Notably, this is because “buy the rumor, sell the news” implies that investors buy assets ahead of an anticipated event (like the spot ETF launch) and sell them when the actual event occurs, often leading to a price decline.<\/p>\n

However, the observation here by Butterfill is quite the opposite. Instead of seeing inflows<\/a> (more investment) into short-Bitcoin exchange-traded products (ETPs) (which benefit from a decline in Bitcoin’s price), there have been outflows amounting to $7 million over the last nine weeks.<\/p>\n

This indicates that investors might not expect a significant price drop following the spot Bitcoin ETF launch in the US, contradicting the “buy the rumor, sell the news” expectation.<\/p>\n

Ethereum And Altcoins: A Mixed Bag Of Sentiments<\/h2>\n

Ethereum’s performance in the crypto asset investment space has also been noteworthy. The second-largest crypto by market cap saw inflows of $29 million, with the last nine weeks bringing in $215 million. This influx indicates a significant shift in investor sentiment towards Ethereum.<\/p>\n

While Solana, on the other hand, faced outflows amounting to $5.3 million, Cardano, Avalanche, and Litecoin witnessed inflows. Cardano saw $3.7 million, Avalanche $2 million, and Litecoin $1.4 million in inflows. The blockchain equity sector also started the year on a strong note, recording inflows<\/a> of $24 million in the past week.<\/p>\n

\"Crypto
Crypto asset flows. | Source: Coinshares<\/a><\/figcaption><\/figure>\n

Despite Bitcoin’s dominance in inflows, the flagship crypto has recently experienced a net outflow of $32.8 million<\/a>, with short Bitcoin investment products also seeing a minor outflow last month.<\/p>\n

However, Bitcoin’s recent $113 million inflow has shown the asset’s move to rebound<\/a>. Even in price performance, Bitcoin<\/a> has increased by 5.2% over the past week and appears to be continuing its upward trajectory by 1.1% in the first 24 hours, with its trading price nearing the $45,000 mark.<\/p>\n

\"Bitcoin
Bitcoin (BTC) price is moving sideways on the 4-hour chart. Source: BTC\/USDT on TradingView.com<\/a><\/figcaption><\/figure>\n

Contrastingly, Ethereum, after a 2% decline over the past week, is showing signs of recovery, increasing by nearly 1% in the past day. Other altcoins such as Solana, Cardano, Avalanche, and Litecoin have been less fortunate, experiencing significant losses, with Avalanche and Cardano being the top losers, down by 27.3% and 17% in the past week.<\/p>\n

Related Reading: Crypto Funds\u2019 11-Week Inflow Streak Snapped: Bitcoin Faces $33M Exodus As Altcoins Shine<\/a><\/div>\n

Litecoin and Solana, though also in the red, have seen slightly lesser declines. Solana is down by 10% over the past week and 1.6% in the past 24 hours, while Litecoin mirrors this trend, down by 10.8% over the week and 0.4% in the last day.<\/p>\n

Featured image from iStock, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"

The first week of 2024 marked a notable milestone in crypto asset investments. Investment products in this particular sector witnessed inflows amounting to $151 million, according to a recent report from CoinShares. Crypto Asset Funds Sees Surge In Inflows This $151 million surge in inflow, as highlighted by James Butterfill, Head of Research at CoinShares, is particularly noteworthy in light of the Grayscale vs. US Securities and Exchange Commission (SEC) lawsuit, with these inflows contributing to a total of $2.3 billion since the case began in October 2022. Related Reading: Crypto Funds Flourish In 2023: CoinShares Reports $2.2 Billion Inflow This amount accounts for 4.4% of the firm\u2019s total managed assets. Even without a spot exchange-traded fund (ETF) launch in the US, Butterfill revealed that American exchanges contributed to over half of these inflows, at 55%. German and Swiss exchanges followed, contributing 21% and 17% of the inflows, respectively. Bitcoin emerged as the leader in investment inflows, amassing $113 million. This substantial sum equates to 3.2% of the total assets under management (AuM) in the last nine weeks. James Butterfill pointed out an interesting trend that challenges the anticipation of the US SEC approval of a spot Bitcoin ETF being a “buy the rumor, sell the news” event. Butterfill noted in the report: If many truly believed that launch of the [spot] ETF in the US would a \u201cbuy the rumour, sell the news\u201d event, we surely would expect to see inflows into short-bitcoin ETPs, instead, outflows over the last 9 weeks have amounted to US$7m. Notably, this is because “buy the rumor, sell the news” implies that investors buy assets ahead of an anticipated event (like the spot ETF launch) and sell them when the actual event occurs, often leading to a price decline. However, the observation here by Butterfill is quite the opposite. Instead of seeing inflows (more investment) into short-Bitcoin exchange-traded products (ETPs) (which benefit from a decline in Bitcoin’s price), there have been outflows amounting to $7 million over the last nine weeks. This indicates that investors might not expect a significant price drop following the spot Bitcoin ETF launch in the US, contradicting the “buy the rumor, sell the news” expectation. Ethereum And Altcoins: A Mixed Bag Of Sentiments Ethereum’s performance in the crypto asset investment space has also been noteworthy. The second-largest crypto by market cap saw inflows of $29 million, with the last nine weeks bringing in $215 million. This influx indicates a significant shift in investor sentiment towards Ethereum. While Solana, on the other hand, faced outflows amounting to $5.3 million, Cardano, Avalanche, and Litecoin witnessed inflows. Cardano saw $3.7 million, Avalanche $2 million, and Litecoin $1.4 million in inflows. The blockchain equity sector also started the year on a strong note, recording inflows of $24 million in the past week. Despite Bitcoin’s dominance in inflows, the flagship crypto has recently experienced a net outflow of $32.8 million, with short Bitcoin investment products also seeing a minor outflow last month. However, Bitcoin’s recent $113 million inflow has shown the asset’s move to rebound. Even in price performance, Bitcoin has increased by 5.2% over the past week and appears to be continuing its upward trajectory by 1.1% in the first 24 hours, with its trading price nearing the $45,000 mark. Contrastingly, Ethereum, after a 2% decline over the past week, is showing signs of recovery, increasing by nearly 1% in the past day. Other altcoins such as Solana, Cardano, Avalanche, and Litecoin have been less fortunate, experiencing significant losses, with Avalanche and Cardano being the top losers, down by 27.3% and 17% in the past week. Related Reading: Crypto Funds\u2019 11-Week Inflow Streak Snapped: Bitcoin Faces $33M Exodus As Altcoins Shine Litecoin and Solana, though also in the red, have seen slightly lesser declines. Solana is down by 10% over the past week and 1.6% in the past 24 hours, while Litecoin mirrors this trend, down by 10.8% over the week and 0.4% in the last day. Featured image from iStock, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":568618,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[12333,134,9885,83347,428,78790,12332,6664,12837,83626],"class_list":["post-568614","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ada","tag-altcoin","tag-avalanche","tag-avax","tag-bitcoin","tag-btcusdt","tag-cardano","tag-crypto","tag-sol","tag-solana"],"acf":[],"yoast_head":"\nA Bullish Beginning? $151 Million Poured Into Crypto Funds In 2024\u2019s First Week<\/title>\n<meta name=\"description\" content=\"The first week of 2024 marked a notable milestone in the world of crypto asset investments. Investment products in this sector witnessed...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/bullish-beginning-poured-into-crypto-funds-in-2024s-first-week\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A Bullish Beginning? $151 Million Poured Into Crypto Funds In 2024\u2019s First Week\" \/>\n<meta property=\"og:description\" content=\"The first week of 2024 marked a notable milestone in the world of crypto asset investments. Investment products in this sector witnessed...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/bullish-beginning-poured-into-crypto-funds-in-2024s-first-week\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-08T19:00:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-08T16:08:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/151-Million-Poured-Into-Crypto-Funds-In-2024s-First-Week.jpg?fit=517%2C333\" \/>\n\t<meta property=\"og:image:width\" content=\"517\" \/>\n\t<meta property=\"og:image:height\" content=\"333\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Samuel Edyme\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@0xEdyme\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Samuel Edyme\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/bullish-beginning-poured-into-crypto-funds-in-2024s-first-week\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/bullish-beginning-poured-into-crypto-funds-in-2024s-first-week\/\"},\"author\":{\"name\":\"Samuel Edyme\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500\"},\"headline\":\"A Bullish Beginning? $151 Million Poured Into Crypto Funds In 2024\u2019s First Week\",\"datePublished\":\"2024-01-08T19:00:31+00:00\",\"dateModified\":\"2024-01-08T16:08:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bullish-beginning-poured-into-crypto-funds-in-2024s-first-week\/\"},\"wordCount\":701,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bullish-beginning-poured-into-crypto-funds-in-2024s-first-week\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/151-Million-Poured-Into-Crypto-Funds-In-2024s-First-Week.jpg?fit=517%2C333\",\"keywords\":[\"ADA\",\"altcoin\",\"Avalanche\",\"AVAX\",\"bitcoin\",\"BTCUSDT\",\"Cardano\",\"crypto\",\"Sol\",\"Solana\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/bullish-beginning-poured-into-crypto-funds-in-2024s-first-week\/\",\"url\":\"https:\/\/wncen.com\/news\/bullish-beginning-poured-into-crypto-funds-in-2024s-first-week\/\",\"name\":\"A Bullish Beginning? $151 Million Poured Into Crypto Funds In 2024\u2019s First Week\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bullish-beginning-poured-into-crypto-funds-in-2024s-first-week\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bullish-beginning-poured-into-crypto-funds-in-2024s-first-week\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/151-Million-Poured-Into-Crypto-Funds-In-2024s-First-Week.jpg?fit=517%2C333\",\"datePublished\":\"2024-01-08T19:00:31+00:00\",\"dateModified\":\"2024-01-08T16:08:51+00:00\",\"description\":\"The first week of 2024 marked a notable milestone in the world of crypto asset investments. Investment products in this sector witnessed...\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/bullish-beginning-poured-into-crypto-funds-in-2024s-first-week\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/bullish-beginning-poured-into-crypto-funds-in-2024s-first-week\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/bullish-beginning-poured-into-crypto-funds-in-2024s-first-week\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/151-Million-Poured-Into-Crypto-Funds-In-2024s-First-Week.jpg?fit=517%2C333\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/151-Million-Poured-Into-Crypto-Funds-In-2024s-First-Week.jpg?fit=517%2C333\",\"width\":517,\"height\":333,\"caption\":\"$151 Million Poured Into Crypto Funds In 2024\u2019s First Week\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/bullish-beginning-poured-into-crypto-funds-in-2024s-first-week\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"A Bullish Beginning? $151 Million Poured Into Crypto Funds In 2024\u2019s First Week\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500\",\"name\":\"Samuel Edyme\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g\",\"caption\":\"Samuel Edyme\"},\"description\":\"Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.\",\"sameAs\":[\"https:\/\/x.com\/0xEdyme\"],\"url\":\"https:\/\/wncen.com\/author\/samueledymeabayomi\/\"}]}<\/script>\n","yoast_head_json":{"title":"A Bullish Beginning? $151 Million Poured Into Crypto Funds In 2024\u2019s First Week","description":"The first week of 2024 marked a notable milestone in the world of crypto asset investments. Investment products in this sector witnessed...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/bullish-beginning-poured-into-crypto-funds-in-2024s-first-week\/","og_locale":"en_US","og_type":"article","og_title":"A Bullish Beginning? $151 Million Poured Into Crypto Funds In 2024\u2019s First Week","og_description":"The first week of 2024 marked a notable milestone in the world of crypto asset investments. Investment products in this sector witnessed...","og_url":"https:\/\/wncen.com\/news\/bullish-beginning-poured-into-crypto-funds-in-2024s-first-week\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-01-08T19:00:31+00:00","article_modified_time":"2024-01-08T16:08:51+00:00","og_image":[{"width":517,"height":333,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/151-Million-Poured-Into-Crypto-Funds-In-2024s-First-Week.jpg?fit=517%2C333","type":"image\/jpeg"}],"author":"Samuel Edyme","twitter_card":"summary_large_image","twitter_creator":"@0xEdyme","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Samuel Edyme","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/bullish-beginning-poured-into-crypto-funds-in-2024s-first-week\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/bullish-beginning-poured-into-crypto-funds-in-2024s-first-week\/"},"author":{"name":"Samuel Edyme","@id":"https:\/\/wncen.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500"},"headline":"A Bullish Beginning? $151 Million Poured Into Crypto Funds In 2024\u2019s First Week","datePublished":"2024-01-08T19:00:31+00:00","dateModified":"2024-01-08T16:08:51+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/bullish-beginning-poured-into-crypto-funds-in-2024s-first-week\/"},"wordCount":701,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/bullish-beginning-poured-into-crypto-funds-in-2024s-first-week\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/151-Million-Poured-Into-Crypto-Funds-In-2024s-First-Week.jpg?fit=517%2C333","keywords":["ADA","altcoin","Avalanche","AVAX","bitcoin","BTCUSDT","Cardano","crypto","Sol","Solana"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/bullish-beginning-poured-into-crypto-funds-in-2024s-first-week\/","url":"https:\/\/wncen.com\/news\/bullish-beginning-poured-into-crypto-funds-in-2024s-first-week\/","name":"A Bullish Beginning? $151 Million Poured Into Crypto Funds In 2024\u2019s First Week","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/bullish-beginning-poured-into-crypto-funds-in-2024s-first-week\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/bullish-beginning-poured-into-crypto-funds-in-2024s-first-week\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/151-Million-Poured-Into-Crypto-Funds-In-2024s-First-Week.jpg?fit=517%2C333","datePublished":"2024-01-08T19:00:31+00:00","dateModified":"2024-01-08T16:08:51+00:00","description":"The first week of 2024 marked a notable milestone in the world of crypto asset investments. Investment products in this sector witnessed...","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/bullish-beginning-poured-into-crypto-funds-in-2024s-first-week\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/bullish-beginning-poured-into-crypto-funds-in-2024s-first-week\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/bullish-beginning-poured-into-crypto-funds-in-2024s-first-week\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/151-Million-Poured-Into-Crypto-Funds-In-2024s-First-Week.jpg?fit=517%2C333","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/151-Million-Poured-Into-Crypto-Funds-In-2024s-First-Week.jpg?fit=517%2C333","width":517,"height":333,"caption":"$151 Million Poured Into Crypto Funds In 2024\u2019s First Week"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/bullish-beginning-poured-into-crypto-funds-in-2024s-first-week\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"A Bullish Beginning? $151 Million Poured Into Crypto Funds In 2024\u2019s First Week"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500","name":"Samuel Edyme","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g","caption":"Samuel Edyme"},"description":"Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/wncen.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"A Bullish Beginning? $151 Million Poured Into Crypto Funds In 2024\u2019s First Week","url":"http:\/\/wncen.com\/news\/bullish-beginning-poured-into-crypto-funds-in-2024s-first-week\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bullish-beginning-poured-into-crypto-funds-in-2024s-first-week\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/151-Million-Poured-Into-Crypto-Funds-In-2024s-First-Week.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/151-Million-Poured-Into-Crypto-Funds-In-2024s-First-Week.jpg?fit=517%2C333"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Samuel Edyme"}],"creator":["Samuel Edyme"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ada","altcoin","avalanche","avax","bitcoin","btcusdt","cardano","crypto","sol","solana"],"dateCreated":"2024-01-08T19:00:31Z","datePublished":"2024-01-08T19:00:31Z","dateModified":"2024-01-08T19:00:31Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"A Bullish Beginning? $151 Million Poured Into Crypto Funds In 2024\\u2019s First Week\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bullish-beginning-poured-into-crypto-funds-in-2024s-first-week\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bullish-beginning-poured-into-crypto-funds-in-2024s-first-week\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/01\\\/151-Million-Poured-Into-Crypto-Funds-In-2024s-First-Week.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/01\\\/151-Million-Poured-Into-Crypto-Funds-In-2024s-First-Week.jpg?fit=517%2C333\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Samuel Edyme\"}],\"creator\":[\"Samuel Edyme\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ada\",\"altcoin\",\"avalanche\",\"avax\",\"bitcoin\",\"btcusdt\",\"cardano\",\"crypto\",\"sol\",\"solana\"],\"dateCreated\":\"2024-01-08T19:00:31Z\",\"datePublished\":\"2024-01-08T19:00:31Z\",\"dateModified\":\"2024-01-08T19:00:31Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/151-Million-Poured-Into-Crypto-Funds-In-2024s-First-Week.jpg?fit=517%2C333","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/568614"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/580"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=568614"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/568614\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/568618"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=568614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=568614"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=568614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}