Last week, cryptocurrency investment products successfully reversed the recent trend of capital outflow, with significant inflows recorded for Bitcoin (BTC), Ethereum (ETH), and Solana exchange-traded products (ETPs).
Global cryptocurrency ETPs attracted $3.3 billion in inflows last week, raising the total assets under management (AUM) to $239 billion, nearly approaching the historical high set in August. Notably, last month, the AUM of cryptocurrency ETPs reached a record $244 billion.
This wave of inflows coincided with robust growth in the underlying assets over the past week. BTC rose 3.3% from $111,900 on September 8 to $115,600 by Friday. ETH climbed from $4,300 to $4,500 within five days, marking a 4.6% increase.
Meanwhile, according to data from CoinGecko, Solana performed the best, soaring from $214 to $239 within a week, an increase of 11.6%.
CoinShares' research director James Butterfill noted that BTC-based products stood out the most during the market sentiment recovery last week.
BTC funds attracted $2.4 billion in inflows, marking the best weekly performance since July. In contrast, short BTC products and assets betting on a downward trend experienced slight capital outflows.
ETH-based products also broke the previous trend of continuous outflows. Butterfill stated that the market sentiment for ETH ETPs showed a clear reversal, with inflows recorded for four consecutive days, totaling $646 million last week.
Butterfill pointed out that Solana products set a new record for single-day inflows of $145 million on Friday. This strong performance pushed the total weekly inflow for the asset to $198 million.
Interest in Solana ETFs surged following Forward Industries' announcement of its $1.65 billion capital reserve plan.
Last Monday, the Nasdaq-listed company successfully secured commitments of $1.6 billion in cash and stablecoins to launch the largest Solana cryptocurrency reserve. This financing was co-led by industry-leading crypto firms Galaxy Digital, Jump Crypto, and Multicoin Capital.
Following the announcement, Galaxy began a large-scale purchasing campaign on Wednesday, accumulating $1.5 billion in Solana tokens. Data shows that the company's highest single-day purchase amount last week reached $305 million.
Related: Strategy's Bitcoin (BTC) holdings reached 638,985 coins, valued at over $73 billion.
Original article: “CoinShares: Bitcoin (BTC) and Solana ETPs Lead Crypto Market Inflows to $3.3 Billion”
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
