A recent report indicates that cryptocurrency funds continue to attract significant investments despite price fluctuations of leading cryptocurrencies.
Inflow into Cryptocurrency Funds
Cryptocurrency investment funds brought in $1.9 billion last week, marking 15 consecutive weeks of inflows. Total assets under management reached a record $221.4 billion, with year-to-date inflows hitting $29.5 billion.
Impact on Bitcoin and Ethereum
Despite the overall increase in investments, Bitcoin faced outflows of $175 million, ending a nearly two-week inflow streak. In contrast, Ethereum attracted $1.59 billion—the second-largest weekly haul on record for Ethereum funds.
Trends in Altcoin Market
Amid the overall volatility, altcoins like Solana and XRP showed positive results with inflows of $311.5 million and $189.6 million, respectively. Other altcoins such as Litecoin and Bitcoin Cash experienced modest outflows.
The situation in the cryptocurrency market remains dynamic, and despite price fluctuations in key assets, investor interest in altcoins and crypto funds remains high.
