Ethereum

Solana

Bitcoin ETF

Collective

For the fourth week in a row, digital asset investment products have experienced net inflows, with Solana claiming the largest portion of altcoin inflows, as reported by CoinShares. 
<h2 id="span-style-font-weight-400-crypto-products-attracted-66m-last-week-coinshares-span">Crypto Products Attracted $66M Last Week: CoinShares</h2> 
As per the CoinShares <a href="https://www.theblock.co/post/259046/crypto-funds-see-fourth-week-of-net-inflows-with-solana-taking-largest-altcoin-share">report</a>, digital asset investment products attracted $66 million in net inflows last week, continuing a trend of four consecutive weeks of positive inflows, accumulating a total of $179 million during this time frame. 
<h3 id="span-style-font-weight-400-collective-aum-surges-to-33b-span">Collective AUM Surges to $33B</h3> 
The CoinShares report on digital asset fund flows revealed that the collective assets under management for fund managers such as CoinShares, Bitwise, Grayscale, ProShares, and 21Shares have surged to a staggering $33 billion. 
Analysts at CoinShares stated: “While the most recent inflows are likely linked to excitement over a spot bitcoin ETF launch in the U.S., they are relatively low in comparison to June announcements.”&nbsp; 
<h2 id="span-style-font-weight-400-blackrock-etf-news-boosted-inflow-coinshares-span">BlackRock ETF News Boosted Inflow: CoinShares</h2> 
Furthermore, the analysts highlighted that after BlackRock submitted its application for a spot Bitcoin ETF in June, there were four consecutive weeks of inflows amounting to $807 million. He pointed out: “This suggests that the lower inflows this time round, despite the positive news from the Grayscale vs SEC court ruling, are indicative of investors adopting a more cautious approach this time.”&nbsp; 
<h3 id="span-style-font-weight-400-solana-saw-the-highest-inflow-span">Solana Saw the Highest Inflow</h3> 
During the past week, the majority of the inflows, accounting for 84%, went into bitcoin investment products, contributing to year-to-date inflows of $315 million. 
Notably, Solana garnered the most substantial share of inflows among alternative cryptocurrencies. Solana attracted an additional $15.5 million in inflows during the past week, accumulating a total of $74 million in year-to-date inflows. As per the report, this positions Solana as the leading choice among altcoins this year. 
<a href="https://thecoinrise.com/cardinal-a-prominent-project-on-solana-shuts-shop/">Other than Solna, which is confronting</a> an <a href="https://thecoinrise.com/why-ripple-xrp-and-solana-sol-are-falling-while-pomerdoge-pomd-presale-gets-underway/">ongoing series of challenges</a>, ether is the only altcoin to see outflows last week. Ethereum (Ether) experienced outflows amounting to $7.4 million, leading to a decrease in total assets under management, which now stands at $6.7 billion. 
The post <a rel="nofollow" href="https://thecoinrise.com/coinshares-reports-fourth-week-of-capital-inflow-in-crypto-market/">CoinShares Reports Fourth Week of Capital Inflow in Crypto Market</a> appeared first on <a rel="nofollow" href="https://thecoinrise.com">Latest News and Insights on Blockchain, Cryptocurrency, and Investing</a>.

CoinShares Reports Fourth Week of Capital Inflow in Crypto Market

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