Despite a significant outflow of funds in the field of crypto asset investment in recent weeks, the situation has now reversed. In just the past week, the total inflow of funds reached $441 million.
According to James Butterfill, research director at CoinShares, despite the recent poor market conditions, the inflow of funds recorded in the past week indicates that many may view the recent decline as a “buying opportunity” rather than a signal to withdraw.
This week, funds have flowed widely into the purchase of BTC, while other crypto assets such as ETH and SOL have also received significant attention. BTC still dominates with a scale of $384 million. However, this also indicates that BTC no longer occupies the dominant position it once did.
CoinShares’ report shows that Solana has performed particularly well in terms of fund inflow, attracting $16 million and bringing the total inflow for the year to $57 million. From the perspective of fund flow, it is the best-performing crypto asset.
Ethereum has also seen favorable adjustments, with an inflow of $10 million, although it is the only major crypto asset that has seen net outflows so far this year.
At the same time, large investment companies such as ArkInvest, Fidelity, and BlackRock have all noticed similar inflow trends.
In the United States, BTC has received $384 million from local funds, showing particularly strong market performance. However, not every region reflects this optimism.
According to Butterfill’s data, German funds saw a net outflow of $23 million, possibly influenced by the recent sale of assets by the German government. The overall market remains relatively bearish, with several major crypto assets experiencing significant declines last week.
BTC fell to a low of $53,000 last Friday, marking its first decline since February. Nevertheless, in the past 24 hours, BTC, ETH, and SOL have seen slight rebounds.
BTC has risen by 0.5%, returning to the $57,000 threshold, while ETH has risen by 2.2%, also returning to the key level of $3,000. Similarly, SOL has followed closely behind these major crypto assets, with a 2.4% increase.
VanEck, one of the world’s largest asset management companies and the issuer of BTC ETFs, is planning to launch an ETF based on Solana.
VanEck recently submitted an application to the U.S. Securities and Exchange Commission (SEC) for the first physically-backed Solana ETF, marking a crucial moment for crypto assets.
