Solana investment products see largest week of inflows since March 2022

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By BitcoinWiki News

Key Takeaways:

– Digital-asset investment products at asset managers saw inflows of $78 million for the second consecutive week, with Solana and Bitcoin funds leading the way.
– Solana investment products had their largest inflows since March 2022, adding $24 million, making it the altcoin of choice.
– Bitcoin had the overall highest inflows, adding $43 million, but there were also inflows of $1.2 million into short-bitcoin product positions.
– Europe accounted for 90% of the inflows, while the U.S. and Canada made up just $9 million combined.
– Trading volumes for exchange-traded products and bitcoin on trusted exchanges saw significant increases.
– The launch of six ether futures ETFs in the U.S. attracted less than $10 million, indicating low investor appetite compared to bitcoin futures ETFs in 2021.


Digital-asset investment products at asset managers such as CoinShares, Grayscale, 21Shares, Bitwise, and ProShares saw inflows for the second consecutive week, reaching the highest level since July. The inflows totaled $78 million and were led by Solana and Bitcoin funds. Solana investment products saw the largest inflows since March 2022, adding $24 million. Bitcoin recorded inflows of $43 million, while short-Bitcoin product positions received inflows of $1.2 million. Europe accounted for 90% of the inflows, with the United States and Canada making up just $9 million of the total. Trading volumes for exchange-traded products increased by 37%, reaching $1.13 billion for the week, and bitcoin volume on trusted exchanges rose by 16%. However, the launch of six ether futures ETFs in the US attracted less than $10 million, indicating a tepid appetite compared to the launch of bitcoin futures ETFs in 2021.

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