๐Ethereum (ETH), Cardano (ADA), XRP, Chainlink (LINK), Solana (SOL) Funds Attract Fresh Inflows
๐ผ According to a recent update by European alternative asset manager CoinShares, digital asset investment funds based on cryptocurrencies like Bitcoin, Ethereum, Solana, Litecoin, XRP, and Cardano saw a fresh wave of inflows.
๐ Bitcoin led the way with $148 million worth of inflow in just a week. Ethereum followed with $33 million worth of inflows over seven days, benefiting from renewed investor enthusiasm after the approval of spot Ethereum ETFs.
๐ Solana came in third with $5.8 million in inflows, followed by Chainlink with $1 million. Other funds based on cryptocurrencies like Solana and Cardano saw negligible inflows.
๐บ๏ธ Geographically, the United States, Switzerland, and Canada led in total inflows, while Hong Kong saw only negligible sums after underperforming ETFs.