$1.3 billion in crypto funds, Ethereum surpasses Solana
Last week, $1.35 billion was invested in cryptocurrency funds. While Bitcoin funds again received the most investment by far, Ether funds saw 45 million dollars in anticipation of the ETF and surpassed Solana funds in terms of investment value since the beginning of the year.
Cryptocurrency funds and digital asset investment products completed last week with a significant increase. According to CoinShares' weekly report; With the net investment of 1.35 billion dollars, the figure of the last 3 weeks increased to 3.2 billion dollars. While the funds that received the most investments were Bitcoin products with 1.27 billion dollars, the amount invested in BTC funds since the beginning of the year was 18.4 billion dollars.
Ether surpasses Solana
Inflows into Ether funds continued last week. While 45 million dollars were invested in these funds, the amount invested since the beginning of the year has been 103 million dollars. Ether funds also surpassed Solana funds in this sense. While Solana funds closed last week with a net investment of 9.6 million dollars, the net investment since the beginning of the year has reached 71 million dollars. Solana funds have seen significant inflows since the beginning of 2024, particularly with significant increases in meme coins issued on the network. Ether funds, on the other hand, passed this period quietly, but later, with the approval of Ether ETFs in the USA (and the decrease in interest in Solana), ETH funds reached the SOL level.
2.2 million dollars for Litecoin
While there were outflows of $1.9 million from Short Bitcoin funds, altcoin inflows did not go unnoticed. LTC funds received $2.2 million in net investments and attracted attention. Investments of 700 thousand dollars came to Chainlink funds, 400 thousand dollars to Cardano (ADA) funds and 500 thousand dollars to XRP funds.
In blockchain stocks, Valkyrie's Bitcoin miners ETF ranks 11th.It was at the top in this sense with 4 million dollars.
