Crypto Market Pulse (08/01/2024)

Digital assets ETPs’ 2023 inflows of US$2.2B more than double 2022. Last-minute application updates for spot BTC ETFs. Reporting of crypto transactions over US$10K to the IRS effective Jan 1 2024.

Jan 08, 2024
Crypto Market Pulse

Weekly Market Index

Last week’s crypto market prices were flat at +0.47%. Volume and volatility increased by +9.39% and +98.68%, respectively. Weekly Market Index

Chart of the Week

Investors poured over US$2 billion into digital-asset investment exchange-traded products (ETPs) in 2023, making it the third-largest year for net inflows dating back to 2017, according to data provided by CoinShares. The inflows were more than double those of 2022. ETP Fund Flow

Weekly Performance

Bitcoin (BTC) rose by +2.8% while Ethereum (ETH) fell -4.0%, respectively, in the past seven days. Price action for other selected top-cap tokens was negative.

Screenshot 2024 01 08 At 3.21.19 pm

Selected key categories all dropped in terms of market cap change in the past seven days. Selected Categories Market Cap Change

News Highlights

  • Investment management firms, stock exchanges, and the US Securities and Exchange Commission (SEC) on Friday last week discussed final wording changes on filings for spot Bitcoin exchange-traded funds (ETFs), a step that some observers think could lead to approval of the funds this week.
  • Amended 19b-4 filings connected to US spot Bitcoin ETF applications were filed by exchanges on behalf of BlackRock, Grayscale, Fidelity and other issuers. The filings address feedback from the SEC.
  • The Infrastructure Investment and Jobs Act, passed by the US Congress in November 2021, introduced a new provision into the Tax Code. Anyone receiving over US$10,000 in cryptocurrency in their trade or business must report the transaction to the Internal Revenue Service (IRS) within 15 days. This new rule took effect on January 1, 2024. 
  • Próspera ZEDE, a special economic zone in Honduras, officially recognises Bitcoin as a unit of account. This recognition means that Bitcoin can now be used to measure the market value of goods and services within the zone.

Recent Research Reports

Recent University Articles

Catalyst Calendar

Screenshot 2024 01 08 At 3.33.05 pm
Screenshot 2024 01 08 At 3.34.51 pm


Research and Insights Team


The information in this report is provided as general market commentary by and its affiliates, and does not constitute any financial, investment, legal, tax, or any other advice. This report is not intended to offer or recommend any access to products and/or services. While we endeavour to publish and maintain accurate information, we do not guarantee the accuracy, completeness, or usefulness of any information in this report nor do we adopt nor endorse, nor are we responsible for, the accuracy or reliability of any information submitted by other parties.

This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of, or located in a jurisdiction, where such distribution or use would be contrary to applicable law or that would subject and/or its affiliates to any registration or licensing requirement.

The brands and the logos appearing in this report are registered trademarks of their respective owners.

Share with Friends

Ready to start your crypto journey?

Get your step-by-step guide to setting up an account with

By clicking the Get Started button you acknowledge having read the Privacy Notice of where we explain how we use and protect your personal data.
Mobile phone screen displaying total balance with App

Common Keywords: 

Ethereum / Dogecoin / Dapp / Tokens