2024 H2 Outlook Report

CCData's quarterly Outlook Report provides readers with a comprehensive, data-driven analysis of the digital asset landscape. This report reflects on the key events of the previous quarter while casting an eye towards the future, pinpointing emerging trends and potential developments in the coming months and beyond.

  • July 2, 2024

The first half of 2024 has arguably been one of the most significant periods in the history of digital assets. Bitcoin received its stamp of approval from the SEC, followed by the launch of the Spot Bitcoin ETFs in the US, which have accumulated over $60bn as of June 12th.

Key Takeaways

  • Crypto Equities and Mining Stocks Surge: MicroStrategy’s stock has seen an astronomical rise of 380% this year, largely due to its substantial Bitcoin holdings, now valued at approximately $7.5bn.
  • Institutionalisation of Digital Assets: The Spot Bitcoin ETFs have significantly enhanced the institutional adoption of digital assets this year, attracting $14.41bn in inflows and pushing the total net assets to $53.56bn.
  • Centralised Exchange Landscape and Shifting  Market Share Dynamics: The centralised exchange (CEX) sector has experienced substantial growth, with total aggregate spot volumes reaching $10.6tn in the first half of the year, marking a 145% increase from H2 2023.
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2024 H2 Outlook Report

CCData's quarterly Outlook Report provides readers with a comprehensive, data-driven analysis of the digital asset landscape. This report reflects on the key events of the previous quarter while casting an eye towards the future, pinpointing emerging trends and potential developments in the coming months and beyond.

  • July 2, 2024

Report Summary

The first half of 2024 has arguably been one of the most significant periods in the history of digital assets. Bitcoin received its stamp of approval from the SEC, followed by the launch of the Spot Bitcoin ETFs in the US, which have accumulated over $60bn as of June 12th.

Key Takeaways

  • Crypto Equities and Mining Stocks Surge: MicroStrategy’s stock has seen an astronomical rise of 380% this year, largely due to its substantial Bitcoin holdings, now valued at approximately $7.5bn.
  • Institutionalisation of Digital Assets: The Spot Bitcoin ETFs have significantly enhanced the institutional adoption of digital assets this year, attracting $14.41bn in inflows and pushing the total net assets to $53.56bn.
  • Centralised Exchange Landscape and Shifting  Market Share Dynamics: The centralised exchange (CEX) sector has experienced substantial growth, with total aggregate spot volumes reaching $10.6tn in the first half of the year, marking a 145% increase from H2 2023.
Download report

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