4 months ago
18 ARTICLE AD
Ethereum overtakes Solana in year-to-date inflows, reaching $103m compared to Solana's $71m.
Key Takeaways
Digital asset investment products saw $1.35bn inflows last week, totaling $3.2bn over three weeks. Ethereum surpassed Solana in year-to-date inflows, reaching $103m compared to Solana's $71m. <?xml encoding="UTF-8"?>Crypto products saw inflows of $1.35 billion last week, bringing the total inflows over the last three weeks to $3.2 billion, according to asset management firm CoinShares.
Bitcoin dominated with $1.27 billion in inflows, while short Bitcoin products saw outflows of $1.9 million. Since March, short Bitcoin exchange-traded products (ETP) have experienced outflows totaling $44 million, representing 56% of assets under management.
Ethereum saw $45 million in inflows, surpassing Solana as the altcoin with the most inflows year-to-date at $103 million. Solana attracted $9.6 million in inflows last week, bringing its year-to-date total to $71 million. A noteworthy mention is Litecoin, which also saw inflows of $2.2 million.
Moreover, crypto funds indexed to digital assets’ baskets saw $16.7 million in weekly inflows, signaling an appetite for diversification from investors.
Image: CoinSharesRegionally, the US and Switzerland led regional inflows with $1.3 billion and $66 million respectively, while Brazil and Hong Kong experienced minor outflows of $1.7 million and $1.9 million.
Notably, Brazil only saw two weeks of net outflows this year, making it the fourth-largest country on year-to-date assets under management.
ETP trading volumes increased by 45% week-on-week to $12.9 billion, representing 22% of the broader crypto market volumes. In contrast, blockchain equities experienced outflows of $8.5 million last week, despite most ETFs outperforming world equity indices.
Disclaimer
