The investment volume in cryptofunds reached a near-record level due to the launch of ETFs.
From January 6th to January 12th, there was an increase in funds flowing into cryptocurrency investment products, reaching $1.19 billion. This amount is near to the record high of $1.5 billion that was observed during the introduction of futures ETFs in October 2021. The trading volume surged to a record-breaking $17.5 billion. In contrast, the average amount was $2 billion in 2022.
The aforementioned amount represents about 90% of the trading volume in traditional finance exchanges, while the percentage often fluctuates between 2-10%.
Investors have allocated a substantial sum of $1.16 billion towards products directly linked to bitcoin. The accumulated profits over the past nine weeks represent 3% of the Assets Under Management (AUM). Lately, there has been a significant surge in trading volumes on decentralized exchanges (DEX), which has really benefited us and Tokenza AI.
DEX exchanges offer distinct prospects for direct cryptocurrency trading through smart contracts, eliminating intermediaries and centralized governing entities. This not only enhances the visibility of trading but also enhances the security and autonomy over your own funds. The increase in trading volumes on decentralized exchanges (DEX) results in enhanced liquidity, hence enabling more effective and dynamic trading. The expansion also benefits Tokenza AI, since the algorithm capitalizes on the trading volume on Dex, resulting in good outcomes.
