Orhan 
Coinshares shared last week’s investment data: 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 Triple that of 2021
Since the beginning of the year, net inflows into crypto funds have exceeded $27 billion, compared to a total of only $10.5 billion in 2021. 2021 was a year marked by a significant bull run for Bitcoin and other cryptocurrencies. This year, while Bitcoin has shown a notable rise, the same cannot be said for altcoins. However, total investments have already reached three times the level of 2021.
In the cryptocurrency market, the introduction of Bitcoin and Ethereum spot ETFs in the United States for investors is seen as one of the main drivers behind this increase in investments. Spot ETFs allow investors easier access to cryptocurrencies, facilitating their investment in these assets. Interest from institutional investors is enabling further growth in the market.
Performance of Solana and Other Altcoins
This week, Solana funds saw one of their largest weekly investments of the year, with an inflow of $10.8 million. Solana’s fast transaction speed and low costs are attracting investor attention. Additionally, Litecoin and XRP funds saw investments of $1.8 million and $200,000, respectively. This trend underscores the increasing role of altcoins in the market.
Short Bitcoin funds were also affected by Bitcoin’s rise, resulting in an outflow of $1.3 million. ADA funds closed the week with a sale of $100,000.
Stocks Show Third Consecutive Positive Trend
Blockchain-focused stocks also experienced increases, marking the third consecutive week of positive performance with a total net investment of $12.2 million.
Among crypto ETFs in the United States, BlackRock’s Bitcoin ETF received the largest investment, with a net inflow of $1.1 billion. Fidelity’s Bitcoin fund took second place with $72 million in investments.
These developments in the crypto market highlight the growing interest from investors and indicate the market’s potential for growth. Especially with the rise in institutional investments, promising signals are emerging for the future of cryptocurrencies.
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