Recent Inflows in Digital Asset Investment
Reported by The Block, digital asset investment products witnessed net inflows of $66 million in the past week, marking the fourth consecutive week of positive inflows. According to CoinShares, the total inflows over this period amounted to $179 million.
Digital Asset Fund Flows Report
The digital asset fund flows report from CoinShares revealed that the total assets under management for fund managers such as CoinShares, Bitwise, Grayscale, ProShares, and 21Shares reached an impressive $33 billion.
Bitcoin Dominates Inflows
Among the inflows from the past week, a significant 84% were directed towards bitcoin investment products, contributing to a year-to-date inflow of $315 million for Bitcoin.
Solana Emerges as Top Altcoin
Notably, Solana captured the largest portion of inflows among altcoins. Last week alone, it attracted $15.5 million in investments, bringing its year-to-date total to $74 million. According to the report, Solana has emerged as the most popular altcoin this year.
Summary of Key Points:
- Digital asset investment products witnessed net inflows of $66 million last week, marking the fourth consecutive week of inflows.
- Total assets under management for major fund managers reached $33 billion, as per CoinShares’ report.
- Bitcoin investment products received 84% of the past week’s inflows, resulting in a year-to-date total of $315 million.
- Solana attracted $15.5 million in inflows last week, making it the most popular altcoin this year with a total of $74 million in inflows.