The global digital asset investment market has significantly rebounded recently, marking a strong recovery for crypto-based funds. According to CoinShares, global crypto investment products brought in $321 million in net inflows last week.
This follows two weeks of outflows, signaling a shift in investor sentiment as macroeconomic conditions, such as the recent US Federal Reserveâs decision to cut interest rates, play a major role in the crypto marketâs direction.
Bitcoin And Solana Lead The Inflow Surge
As revealed in the CoinShares report, Bitcoin-based investment products continue to dominate the market, accounting for most of last weekâs inflows.
CoinShares shows that Bitcoin products alone saw net inflows of $284 million. This marked a major shift in momentum for the leading crypto, which has consistently outperformed other digital assets in attracting institutional investment.
Interestingly, short-Bitcoin productsâthose that profit from a drop in Bitcoinâs priceâalso saw modest inflows of $5.1 million, showing that some investors remain cautious, hedging against potential volatility.
Solana-based funds have also been a standout in recent weeks. According to CoinShares, the asset saw $3.2 million in net inflows last week.
However, while Bitcoin and Solana enjoyed positive momentum, Ethereum-based investment products saw another week of net outflows.
Crypto asset flows
CoinShares report shows that last week alone, Ethereum products recorded $29 million in outflows, extending their losing streak to a fifth consecutive week. This brings the total outflows for Ethereum-based funds to $187.7 million during this period.
