Last week, crypto investment products showed a significant inflow of funds, signaling positivity in the market.
Overview of Inflows
Crypto ETPs recorded a $3.3 billion inflow last week, raising total assets under management to $239 billion, approaching the August record of $244 billion.
Top Performing Crypto Products
Bitcoin-based products saw inflows of $2.4 billion, their best weekly performance since July. Ether ETPs also returned to positive flows with a total of $646 million. Solana showed the highest growth at 11.6%, increasing from $214 to $239.
Interest in Solana and its Market Impact
Solana products recorded their largest single-day inflow of $145 million, bringing total weekly inflows to $198 million. This surge followed an announcement about a $1.65 billion Solana treasury. Investors, including Galaxy Digital, started actively purchasing Solana tokens.
Thus, cryptocurrency products have resumed inflows, signaling a resurgence of investor interest in the market. Bitcoin, Ether, and Solana play crucial roles in this dynamic.
