Solana Rebounds with $24M Inflows as Digital Asset Investment Products Gather Pace
Bitget2024/03/11 19:00
Solana has experienced a gradual shift in its investment trend, with its investment products gathering pace once again. The altcoin attracted nearly $24 million in inflows over the past week, according to CoinShares's latest edition of the 'Digital Asset Fund Flows Weekly Report.' In contrast,
Ethereum saw minor outflows of $2.1 million last week, despite having a stronger position in year-to-date inflows. Other significant inflows were observed in Polkadot, Fantom, Chainlink, and Uniswap, receiving $2.7 million, $2 million, $2 million, and $1.6 million, respectively, during the same period.
Investment products focused on digital assets experienced record weekly inflows of $2.7 billion, pushing the year-to-date total to $10.3 billion, slightly below the record inflow of $10.6 billion seen in 2021. Weekly trading turnover soared to $43 billion, surpassing the previous week's record of $30 billion. The ongoing
market rally propelled total assets under management (AuM) to a historic high of $94.4 billion, reflecting a 14% increase over the past week and an 88% rise so far this year. CoinShares recorded minor outflows of $2.5 million in
blockchain equities.
Bitcoin continued to attract investor attention, receiving inflows totaling $2.6 billion and bringing year-to-date inflows to 14% of the total AUM. Despite recent price increases, inflows into
short bitcoin positions persisted, with an additional $11 million observed last week. In terms of regions, the United States witnessed inflows of $2.8 billion, while Switzerland and Brazil trailed with inflows of $21 million and $18 million, respectively. On the other hand, Canada, Germany, and Switzerland experienced profit-taking, with outflows of $35 million, $77 million, and $39 million, respectively.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!
You may also like
In the past 7 days, only 5 public blockchains had fee revenues exceeding $1 million.
金色财经•2025/11/30 19:59
Data: If ETH falls below $2,882, the total long liquidation volume on major CEXs will reach $962 millions.
Chaincatcher•2025/11/30 18:49
Musk: Grok is open-source software, anyone can use it for free
金色财经•2025/11/30 18:23
150 BTC transferred from an anonymous address to an exchange
金色财经•2025/11/30 17:42
Trending news
MoreCrypto prices
MoreBitcoin
BTC
$91,440.6
+0.84%
Ethereum
ETH
$3,032.35
+1.43%
Tether USDt
USDT
$1.0000
-0.04%
XRP
XRP
$2.2
+0.19%
BNB
BNB
$894.84
+2.45%
Solana
SOL
$137.58
+1.31%
USDC
USDC
$0.9998
+0.00%
TRON
TRX
$0.2825
+0.55%
Dogecoin
DOGE
$0.1497
+1.02%
Cardano
ADA
$0.4246
+2.47%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now