Solana Leads Digital Asset Inflows
Solana remains the favorite, with weekly inflows totaling US$13.2 million last week, doubling its total inflows year-to-date.
Takeaways
- Digital asset investment products saw inflows totalling US$69m last week. For the third consecutive week we have seen inflows totalling US$110m.
- Bitcoin saw inflows totalling US$32m, marking a potential turnaround in sentiment amongst investors.
- Solana remains the favourite with weekly inflows totalling US$13.2m last week, doubling its total inflows year-to-date.
- Ethereum saw a third week of inflows totalling US$12.4m, while market share is at a record 28%.
(For a larger view, click on the image above)
Digital asset investment products saw inflows totalling US$69m last week. For the third consecutive week we have seen inflows totalling US$110m suggesting improving investor sentiment. Inflows were seen across all digital assets although altcoins, on an assets under management (AuM) weighted basis, remain the favourite amongst investors. Altcoin market share is now a record 35% of investment products.
Bitcoin saw inflows totalling US$32m, marking a potential turnaround in sentiment amongst investors. This is the first inflows following an 8-week spell of outflows, the longest endured by any digital asset investment product.
Solana remains the favourite with weekly inflows totalling US$13.2m last week, doubling its total inflows year-to-date. While AuM has grown from US$15m the previous week to US$44m last week.
Ethereum saw a third week of inflows totalling US$12.4m, while market share is at a record 28%, highlighting that while some investors have protocol concerns, its dominance it continuing to rise.
Other altcoins, such as Cardano, Polkadot and Ripple all saw notable inflows of US$6.5m, US$2.7m and US$1.2m respectively.
(For a larger view, click on the image above)
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Contact James Butterfill at [email protected]
