CoinShares shared the investment data from the past week. Crypto funds received a net investment of $900 million. Bitcoin funds saw an inflow of $920 million, while Ethereum funds experienced an outflow of $35 million.

Investment Volume Three Times That of 2021

Since the beginning of the year, total net inflows into crypto funds have exceeded $27 billion, while the total for 2021 was only $10.5 billion. The year 2021 was marked by a significant bull season for Bitcoin and cryptocurrencies. This year, while Bitcoin has shown significant growth, altcoins have not experienced the same trend. However, total investments have already reached three times that of 2021.

In the crypto market, the launch of Bitcoin and Ethereum spot ETFs in the U.S. has emerged as one of the main reasons for this increase in investments. Spot ETFs allow investors to gain easier access to cryptocurrencies and make investments in these assets. The interest from institutional investors is facilitating further growth in the market.

Performance of Solana and Other Altcoins

This week, Solana funds recorded one of the largest weekly investments of the year, attracting $10.8 million in inflows. Solana‘s fast transaction times and low costs are drawing the attention of investors. Additionally, Litecoin and XRP funds also received investments of $1.8 million and $200,000, respectively. This situation is increasing the role of altcoins in the market.

Short Bitcoin funds were also impacted by Bitcoin‘s rise, experiencing an outflow of $1.3 million. Meanwhile, ADA funds ended the week with a $100,000 sell-off.

Stocks Show Positive Trend for the Third Consecutive Week

There have also been increases in blockchain-focused stocks. These stocks closed the week positively for the third week in a row, with a total net investment of $12.2 million.
Among the crypto ETFs in the U.S., BlackRock‘s Bitcoin ETF attracted the largest investment, securing a net inflow of $1.1 billion. In second place, Fidelity‘s Bitcoin fund drew in $72 million.

These developments in the cryptocurrency market indicate that investor interest continues to grow and highlight the market’s potential for expansion. Especially with the rise in institutional investments, there are promising signals regarding the future of cryptocurrencies.

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