Bitcoin and Ethereum Lead Capital Inflows, Solana Faces Capital Outflows
According to CoinShares report, in the past week, Bitcoin and Ethereum dominated the capital inflows in the digital asset market, with Ethereum reaching a historic high of $1.2 billion. Last week, the total inflow of digital asset investment products reached a record $3.85 billion, pushing the year-to-date (YTD) inflow to $41 billion, a 1,722% increase compared to 2023. Among them, Bitcoin contributed $2.5 billion, with YTD inflows reaching $36.5 billion, a year-on-year increase of 1,786%. Ethereum experienced the largest single-week inflow in history, totaling $1.2 billion, a 1,438% increase compared to last year, with YTD inflows of $3.35 billion.
However, in stark contrast to the strong performance of Bitcoin and Ethereum, Solana is facing capital outflows, with an outflow amount of $14 million, and YTD capital inflows of only $8.8 million, far below $167 million in 2023. Additionally, multi-asset funds also encountered capital outflows of $6.3 million, indicating market differentiation.
The surge in capital inflow reflects the market's confidence in the long-term growth of the cryptocurrency industry, particularly driven by the support for cryptocurrency policies following Trump's election. Experts believe this growth is closely related to Trump's election and the news of Bitcoin breaking $100,000. According to SoSo Value data, since Trump's election, approximately $10 billion has flowed into Bitcoin spot ETFs. Trump's policy support, especially the appointment of Bitcoin advocates to key positions, further solidified the market's confidence in crypto assets.
Overall, digital assets are gradually becoming a regular part of traditional financial portfolios, and the trend towards mainstreaming in the market is becoming increasingly evident.
