• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Institutional Investments in Crypto Reach $3.3 Billion: Bitcoin and Solana in Focus

Institutional Investments in Crypto Reach $3.3 Billion: Bitcoin and Solana in Focus

user avatar

by Giorgi Kostiuk

2 hours ago

Institutional investments in digital assets continue to rise, with CoinShares reporting $3.3 billion in inflows over the past week.

Investment in Bitcoin and Ethereum

The bulk of last week's inflows went to Bitcoin, which attracted $2.4 billion. This reinforces its position as the top asset for institutional investors. Ethereum, after eight weeks of outflows, surprisingly garnered $646 million, indicating renewed interest likely linked to DeFi and ETF expectations.

Record Inflows for Solana

The biggest surprise came from Solana, which registered a historic $145 million inflow in a single day on Friday. Over the course of the week, Solana investment products brought in $198 million, setting a new weekly record. This surge may be attributed to its growing role in NFTs and DeFi.

Overall Market Dynamics

Total Assets under Management reached $239 billion, reflecting a heightened interest from traditional investors in cryptocurrencies. This trend underscores a notable bullish sentiment in the market, particularly towards Bitcoin and Ethereum.

The recent inflows into crypto funds confirm a growing interest from institutional investors in digital assets, with Bitcoin and Solana playing crucial roles in this trend.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

DOT Supply Capped at 2.1 Billion by Polkadot Community

chest

The Polkadot community has voted to limit the supply of DOT tokens to 2.1 billion, impacting inflation management and long-term incentives.

user avatarGiorgi Kostiuk

France Threatens to Block Crypto Companies with Licenses from Other EU Countries

chest

France is considering banning crypto companies operating under MiCA licenses issued in other EU states, posing a threat to the regulatory framework's integrity.

user avatarGiorgi Kostiuk

Ethereum Close to $5,000: Attention Shifts to Layer Brett

chest

Ethereum remains a leading platform in the crypto economy, while newcomer Layer Brett captures investors' interest.

user avatarGiorgi Kostiuk

Kredete Raises $22 Million to Enhance Financial Services for Immigrants

chest

Nigerian fintech company Kredete has raised $22 million to expand its services into Europe.

user avatarGiorgi Kostiuk

Highlights of the Week in Crypto: Gemini's Significant IPO and Security Challenges

chest

A recap of the week's major crypto news, featuring Gemini's $4bn IPO, WLFI's buyback plan, and SwissBorg's hack.

user avatarGiorgi Kostiuk

Ethereum Foundation Launches New AI Team to Integrate with Blockchain Technology

chest

Ethereum Foundation introduces an AI team to bridge artificial intelligence with blockchain technologies.

user avatarGiorgi Kostiuk

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.