Despite a correction in cryptocurrency prices, Ethereum and Solana saw net inflows last week. CoinShares’ latest Digital Asset Fund Flows Weekly Report revealed a total of $176 million in inflows into these investment products, demonstrating global investor interest.<\/p>\n
Contrary to the dominance of Bitcoin, Ethereum-based investment products attracted the most inflows during the week.<\/p>\n
Institutional investors continue to show confidence in digital assets’ long-term potential despite market fluctuations. The total Assets under Management (AuM) of investment products dropped from $95 billion to $75 billion due to the extended crypto market correction but have since rebounded to $85 billion, fueled by consistent inflows.<\/p>\n
Trading volume in exchange-traded products (ETPs) surged to $19 billion last week, surpassing the $14 billion weekly average for the year. Ethereum-based products stood out as the primary beneficiaries of these inflows, marking a departure from Bitcoin’s traditional dominance.<\/p>\n
Ethereum-based products received $155 million in inflows, comprising 88% of the total. In contrast, Bitcoin attracted $13 million in inflows. Solana-based products also saw $4.5 million in inflows.<\/p>\n
Short-Bitcoin ETPs experienced significant outflows, with $16 million withdrawn, representing 23% of total assets under management for these products.<\/p>\n
All regions reported inflows, with the US leading at $89 million. Switzerland, Brazil, and Canada also saw significant inflows.<\/p>\n
The shift away from bearish strategies, evident in the outflows from Short-Bitcoin ETPs, mirrors renewed confidence in digital assets. The market appears to be recovering from corrections, with major cryptocurrencies showing gains in the past 24 hours.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Despite a correction in cryptocurrency prices, Ethereum and Solana saw net inflows last week. CoinShares’ latest Digital Asset Fund Flows Weekly Report revealed a total of $176 million in inflows into these investment products, demonstrating global investor interest. Contrary to the dominance of Bitcoin, Ethereum-based investment products attracted the most inflows during the week. Institutional […]<\/p>\n","protected":false},"author":1,"featured_media":17291,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Investors Favor Ethereum and Solana with Continued Inflows - Bitrabo","description":"Despite a correction in cryptocurrency prices, Ethereum and Solana saw net inflows last week. CoinShares' latest Digital Asset Fund Flows Weekly Report revealed"},"footnotes":""},"categories":[316],"tags":[606,768,7179,1477,1716,5646,464,835,1213],"class_list":["post-17290","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-continue","tag-ethereum","tag-favorites","tag-inflows","tag-institutional","tag-institutional-investors","tag-investors","tag-remain","tag-solana"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/17290","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=17290"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/17290\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/17291"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=17290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=17290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=17290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}