- Ethereum (ETH) investment products had $4.2 million in inflows.
- Last week, the outflow of Solana (SOL) investment products reached a record high of $39M.
A small but steady $30 million poured into digital asset investment products during the last week. This small number, however, masks a large variation between assets and geographies.
Looking at the flows by geography reveals a lot of variation; the United States, Canada, and Brazil all had inflows of $62 million, $9.2 million, and $7.2 million, respectively, while the two largest outflows, at $30 million and $14 million, respectively, were recorded in Switzerland and Hong Kong.
With a total of $42 million in inflows, Bitcoin (BTC) emerged as the clear winner. Investors’ continued faith in spot Bitcoin ETFs and the BTC price is shown by this. Short-Bitcoin ETPs, on the other hand, lost $1 million for the second week in a row. This indicates that, given the present market situation, investors are less likely to wager against BTC’s performance.
Ethereum (ETH) investment products had $4.2 million in inflows. A flurry of activity is going on amongst investors, however this figure covers it. A hefty $104 million poured into new Ethereum ETF players. On the other hand, $118 million worth of Grayscale’s ETH products saw outflows.
Substantial Solana Outflows
Last week, the outflow of Solana (SOL) investment products reached a record high of $39 million. These changes occur as a result of recent macroeconomic data that has impacted the market as a whole. On top of that, it might make regulators even less sure about the spot Solana ETF applications that 21Shares and VanEck have submitted.
The whole cryptocurrency world is scratching its heads at the massive Solana outflows. According to CoinShares, the $39 million negative flow is the largest it has ever been for SOL investment products.
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