Inflows into Crypto Investment Funds Resume, Surpassing $100 Million
After a brief break, inflows into crypto investment funds have resumed, according to CoinShares. Last week, digital assets experienced a net inflow of $103 million, signaling a shift from the net outflows witnessed two weeks ago. Bitcoin dominated the inflows, attracting 85% of the total amount. Its net inflow for the year now stands at $1.758 billion. Ethereum led the altcoin market with a net inflow of $7.9 million, while Solana followed closely with $6 million. However, Litecoin and Avalanche investment products experienced net outflows during the week.
Germany Leads in Inflows, Total Assets Under Management at $52 Billion
Geographically, Germany recorded the highest inflows with $41.6 million, followed by Canada with $25.8 million and the USA with $20.4 million. Switzerland also saw significant inflows at $15 million. On the other hand, Sweden had a net outflow of $8.7 million. The total assets under management for crypto investment funds currently amount to $52 billion, representing 31% of the entire crypto market cap. The majority of these assets are traded in the United States.
Solana Outshines Competitors in Altcoin Market
Solana has been performing exceptionally well in the altcoin market since October. It has seen a 53% increase in just seven days and reached a yearly high of $124.92 on Christmas Day. Currently trading at $114, Solana continues to attract institutional investors and gain better sentiment among traders.
Hot Take: Crypto Investment Funds Bounce Back Strong
After a temporary setback, crypto investment funds have made a strong comeback with significant inflows exceeding $100 million. Bitcoin remains the top choice for investors, while Ethereum and Solana also attract attention in the altcoin market. This resurgence in inflows indicates renewed bullish sentiment in the crypto industry. With Germany leading the way in terms of inflows and the total assets under management reaching $52 billion, it is clear that institutional interest in cryptocurrencies continues to grow. Additionally, Solana’s impressive performance demonstrates its increasing popularity among traders. The future looks bright for crypto investment funds as they recover from the recent outflows and regain momentum.
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