Record-Breaking $2.45 Billion Inflows Energize Digital Asset Investments; Bitcoin Dominates, Solana Faces Setback

Record-Breaking $2.45 Billion Inflows Energize Digital Asset Investments; Bitcoin Dominates, Solana Faces Setback

Crypto News – CoinShares has released a report indicating a remarkable surge in inflows, totaling $2.45 billion, observed last week, effectively reinstating assets under management (AuM) to levels seen in December 2021.

In the backdrop of a substantial market recovery, digital asset investment products have witnessed a historic weekly influx of $2.45 billion. This surge has propelled year-to-date inflows to an impressive $5.2 billion.

The confluence of these figures, coupled with recent favorable price trends, has propelled the total assets under management (AuM) to $67 billion, marking the highest level since December 2021.

However, amidst this surge, Solana‘s investor sentiment suffered a setback. Despite its commendable performance since the start of the year, a recent network outage lasting five hours, caused by a bug resulting in transactions entering an infinite loop, has impacted its performance. CoinShares‘ latest edition of the Digital Asset Fund Flows Weekly Report reveals that investments in Solana experienced outflows totaling $1.6 million during the same period.

In contrast, altcoins like Avalanche, Chainlink, and Polygon have shown resilience, attracting inflows of $1 million, $0.9 million, and $0.9 million, respectively, consistently throughout the year. Meanwhile, XRP saw moderate weekly inflows of $0.4 million.

The surge in inflows was predominantly led by the United States, accounting for 99% of the total at $2.4 billion. This surge underscores a noticeable increase in net inflows across various providers, signaling a growing interest in spot-based ETFs.

While regions like Germany and Switzerland witnessed modest inflows of $13 million and $1 million, respectively, Sweden experienced outflows totaling $2 million.

Despite the overall influx, investors in blockchain equity ETFs have chosen to capitalize on profits, resulting in outflows amounting to $167 million.