Institutional investments in digital assets continue to rise, with CoinShares reporting $3.3 billion in inflows over the past week.
Investment in Bitcoin and Ethereum
The bulk of last week's inflows went to Bitcoin, which attracted $2.4 billion. This reinforces its position as the top asset for institutional investors. Ethereum, after eight weeks of outflows, surprisingly garnered $646 million, indicating renewed interest likely linked to DeFi and ETF expectations.
Record Inflows for Solana
The biggest surprise came from Solana, which registered a historic $145 million inflow in a single day on Friday. Over the course of the week, Solana investment products brought in $198 million, setting a new weekly record. This surge may be attributed to its growing role in NFTs and DeFi.
Overall Market Dynamics
Total Assets under Management reached $239 billion, reflecting a heightened interest from traditional investors in cryptocurrencies. This trend underscores a notable bullish sentiment in the market, particularly towards Bitcoin and Ethereum.
The recent inflows into crypto funds confirm a growing interest from institutional investors in digital assets, with Bitcoin and Solana playing crucial roles in this trend.
