Crypto Funds Record Inflows For Third Consecutive Week As Bitcoin Dominates
Crypto funds recorded a third consecutive week of net in flows with Bitcoin dominant amid rising investor sentiment toward the sector, CoinShares said. Bitcoin was the standout performer, sucking in $16 million during the last week, elevating its year-to-date in flows to $260 million, CoinShares said . It noted that the data was unlikely to have captured upbeat news on Friday that the Securities and Exchange Commission had not appealed a court verdict that favoured Grayscale Investments’ attempt to launch a spot Bitcoin exchange-traded fund (ETF). Net Flows By Asset (Source: CoinShares) Ethereum’s Dilemma Solana investment products added $3.7 million to the $24 million registered in the prior week. On the flip side, Ethereum, has struggled to attract investor interest despite the launch of futures-based ETFs . Ethereum funds experienced outflows amounting to $7.4 million, erasing most of the $10 million in inflows witnessed following the launch of six Ether ...