Ethereum

bullish

Solana

Strong

Bitcoin

<p>Gone is the carnage of last week’s “Black Monday,” where the crypto market seemed to be in disarray. Indicators that were previously in the red have gradually turned green, bringing a breeze of optimism. This gradual transformation has spread across the entire market, with Ethereum and Solana in the spotlight, attracting notable investment flows.</p>
<h2 id="h-strong-return-of-investments-in-ethereum-and-solana">Strong Return of Investments in Ethereum and Solana</h2>
<p>Despite a price correction that shook most cryptocurrencies, Ethereum and Solana managed to stand out. Last week, these two crypto giants recorded <strong>impressive net inflows</strong>, as confirmed by our article titled “<a href="https://www.cointribune.com/en/crypto-investors-are-betting-big-on-ethereum-despite-a-brutal-market-correction/" target="_blank" rel="noopener noreferrer nofollow">Investors Bet Big on Ethereum Despite a Harsh Market Correction</a>”.</p>
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<p>According to the <a href="https://blog.coinshares.com/volume-195-digital-asset-fund-flows-weekly-report-e29fcaa8713d" target="_blank" rel="noopener noreferrer nofollow">weekly report by CoinShares</a>, investment products related to these digital assets attracted <strong>a total of $176 million</strong>, indicating <strong>persistent interest from institutional investors</strong>.</p>
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 <figure class="aligncenter size-large"><img decoding="async" src="https://miro.medium.com/v2/resize:fit:720/format:webp/1*hBdpSpyz8FkzJ6hHpR2Qiw.png" alt="CoinShares report - Digital investment inflows">
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   Digital asset investment products recorded total inflows of $176 million – Source: CoinShares
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<p>What’s particularly remarkable is that <strong>these flows were observed across all regions of the globe</strong>, an undeniable sign of renewed confidence in the long-term potential of these cryptos.</p>
<p>The main inflows include:</p>
<ul>
 <li>$155 million towards Ethereum;</li>
 <li>$18.3 million towards multi-asset products;</li>
 <li>$4.5 million towards Solana.</li>
</ul>
<p>As highlighted in the report:</p>
<p>“<em>Ethereum benefited the most from the recent market correction, attracting $155 million in inflows last week.</em>”</p>
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<h2 id="h-has-the-bear-left-the-crypto-market">Has the Bear Left the Crypto Market?</h2>
<p>The recent crypto market correction was seen by many as <strong>a buying opportunity</strong>. Last week’s bullish trend highlighted <strong>a notable shift in investor preferences</strong>, with Ethereum leading the way.</p>
<p>In fact, investment products based on Ethereum captured the majority of flows, representing 88% of the total.</p> 
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  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:ETHUSD","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"dark"}</script>
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  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:ETHUSD","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"light"}</script>
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 <div class="tradingview-widget-copyright"><a href="https://fr.tradingview.com/symbols/ETHUSD/?exchange=BINANCE" rel="noopener noreferrer nofollow" target="_blank"><span class="text-primary-color">ETHUSD chart</span></a> by TradingView
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<p>Since the beginning of the year, <strong>inflows into Ethereum ETPs have reached a multi-year high of $862 million</strong>, their highest level since the 2021 bubble. Although Bitcoin managed to attract $13 million at the end of the week, the star remains Ethereum.</p>
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<p>As for Short-Bitcoin ETPs, they saw their largest outflows since May 2023, with <strong>a withdrawal of $16 million</strong>, representing 23% of assets under management.</p>
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<p>A clear signal that the bearish trend is losing ground in favor of an optimistic recovery in the crypto market.</p>
<p>In just one day after “Black Monday,” <a href="https://www.cointribune.com/en/crypto-earthquake-altcoins-emerging-from-the-shadows-recovery-in-sight/" target="_blank" rel="noopener noreferrer nofollow">altcoins emerged from the shadows</a>, rekindling the hope of a much-anticipated recovery by investors.</p>

Crypto: Ethereum and Solana Surge, Investors Regain Confidence

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Cointribune EN

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