Crypto funds break outflow streak as Bitcoin dominates and Solana ‘shines’

Photo of author

By BitcoinWiki News

Key Takeaways:

– Digital asset investment products saw inflows of $21 million in the past week, ending a six-week streak of outflows.
– Bitcoin dominated the inflows, with $20.4 million added.
– Short bitcoin investment products saw $1.5 million withdrawn, suggesting investors are closing their short positions.
– Solana funds continued to see inflows, with $5.1 million added last week.
– Ether products experienced outflows for the seventh consecutive week, shedding $1.5 million.
– The influx of funds is attributed to positive price momentum, concerns over U.S. government debt prices, and the recent government funding deadlock.
– Inflows were seen in Europe and Canada, while the U.S. experienced outflows.
– Blockchain equities experienced outflows of $8.4 million, aligned with the broader tech sector’s sell-off.


Digital asset investment products at asset managers, including CoinShares, Grayscale, 21Shares, Bitwise, and ProShares, saw inflows of $21 million over the past week following a six-week streak of outflows. This marks a turnaround for crypto funds, which had experienced ten consecutive weeks of aggregated outflows totaling nearly $500 million. Bitcoin dominated the inflows, adding $20.4 million, while short bitcoin investment products saw $1.5 million withdrawn. Solana funds continued to see inflows, recording their 27th week of inflows this year. However, ether products experienced outflows for the seventh consecutive week, shedding $1.5 million. The recent inflows are attributed to positive price momentum, concerns over U.S. government debt prices, and the deadlock over government funding. Regionally, Europe and Canada saw inflows of $23 million and $17 million, respectively, while the U.S. witnessed outflows of $19 million. Blockchain equities also experienced outflows of $8.4 million, in line with the broader tech sector’s sell-off.

This is sponsored by: Learn Bitcoin Option

Leave a Comment