Solana Captured the 2nd Largest portion of Crypto Fund Inflow, just behind Bitcoin

Solana Captured the 2nd Largest portion of Crypto Fund Inflow, just behind Bitcoin
Source: Solana

Reported by The Block, digital asset investment products saw net inflows of $66 million last week, the fourth consecutive week of inflows that totaled $179 million over the period, according to CoinShares.

The digital asset fund flows report from CoinShares showed that total assets under management for fund managers like CoinShares, Bitwise, Grayscale, ProShares and 21Shares reached $33 billion

While 84% of the past week's inflows were directed toward bitcoin investment products, leading to year-to-date inflows of $315 million, Solana captured the largest portion of altcoin inflow.

Solana saw a further $15.5 million in inflows last week, bringing its year-to-date total inflows to $74 million. According to the report, that makes it the most popular altcoin this year so far.

Stay updated with the most important cryptocurrency news and valuable insights, conveniently delivered to your email every day. Subscribe to the TokenInsight mailing list now!

Prefer social media? Follow us on Twitter, or subscribe to our Telegram channel!

If you have news reports or announcements that you want to reach a wider audience, feel free to email us at news@tokeninsight.com

Source

Solana

In This Article

Related News
Chainalysis expands Solana coverage to include Pump.fun memecoins Chainalysis expands Solana coverage to include Pump.fun memecoins
Solana climbs above $200, bitcoin hits new high amid extended post-election rally Solana climbs above $200, bitcoin hits new high amid extended post-election rally
Solana unveils new Seeker device, says it’s not just a ‘memecoin phone’ Solana unveils new Seeker device, says it’s not just a ‘memecoin phone’
The SEC rejected Cboe’s 19b-4 filings for Solana ETFs: Source The SEC rejected Cboe’s 19b-4 filings for Solana ETFs: Source
Solana developers address critical vulnerability with coordinated patch Solana developers address critical vulnerability with coordinated patch
Latest News More More
7 Hours Ago Mantra and Damac sign $1B deal to tokenize Middle Eastern assets
7 Hours Ago Fetch.ai launches $10M accelerator for AI agent startups
1 Day Ago Fidelity’s spot bitcoin, ether ETFs post largest daily net outflows since inception
1 Day Ago Polkadot-based Phala Network launches Ethereum Layer 2 rollup
2 Days Ago Coinbase premium flips positive for first time in weeks, indicating rising bitcoin demand from US investors
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open