📈 A total of $66 million has been entered into cryptocurrency investment products in the last four weeks. This four-week entry streak has now reached $179 million.
🚀 Since the September lows, total assets under management (AuM) have increased by 15% to nearly $33 billion, the highest level since mid-August, according to a CoinShares report.
Solana's Introductory Series Continues:
- Solana is the most popular altcoin so far this year.
- Solana saw additional inflows of $15.5 million last week, bringing year-to-date inflows to $74 million.
- This is a big difference compared to Ethereum's $7.4 million debut.
Investors Remain Cautious Despite Inflows:
- Recent inflows were triggered by anticipation of the spot Bitcoin ETF launch in the US.
- However, these inflows are lower than in June, when four-week inflows were $807 million.
- CoinShares, this situation shows that investors are taking a more cautious stance.
As a result, 84% of these inflows were directed to Bitcoin investment products, reaching a total of $315 million year-to-date. Rising prices throughout the week led to $23 million inflows into short Bitcoin positions, but by the end of the week, net inflows had fallen to just $1.7 million, indicating declining confidence among short sellers.
🚀 Since the September lows, total assets under management (AuM) have increased by 15% to nearly $33 billion, the highest level since mid-August, according to a CoinShares report.
Solana's Introductory Series Continues:
- Solana is the most popular altcoin so far this year.
- Solana saw additional inflows of $15.5 million last week, bringing year-to-date inflows to $74 million.
- This is a big difference compared to Ethereum's $7.4 million debut.
Investors Remain Cautious Despite Inflows:
- Recent inflows were triggered by anticipation of the spot Bitcoin ETF launch in the US.
- However, these inflows are lower than in June, when four-week inflows were $807 million.
- CoinShares, this situation shows that investors are taking a more cautious stance.
As a result, 84% of these inflows were directed to Bitcoin investment products, reaching a total of $315 million year-to-date. Rising prices throughout the week led to $23 million inflows into short Bitcoin positions, but by the end of the week, net inflows had fallen to just $1.7 million, indicating declining confidence among short sellers.