2024

Solana

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Crypto-linked investment products experienced the second-largest inflow of 2024 last week, amounting to $708 million, nearly 99% of which came from Bitcoin.&nbsp; 
The U.S. market recorded $721 million in inflows, with the fresh ETFs alone gathering $1.7 billion. According to <a href="https://etp.coinshares.com/knowledge/market-activity/fund-flows-05-02-24" target="_blank" rel="noopener">CoinShares</a> research, spot Bitcoin ETFs have consistently attracted an average of $1.9 billion in capital over the past month, culminating in a total of $7.7 billion since their approval.&nbsp; 
<a href="https://crypto.news/price/bitcoin/">Bitcoin</a> ETFs have maintained an average inflow of $1.9 billion over the last four weeks, reaching a cumulative $7.7 billion since they were first introduced in the second week of January. Despite this surge, there has been a $6 billion withdrawal from established funds, including Grayscale and ProShares. 
However, recent data indicates a noticeable slowdown in these outflows. 
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<figure class="wp-block-image size-full is-resized">
 <img loading="lazy" decoding="async" width="739" height="454" src="https://crypto.news/app/uploads/2024/02/Screenshot-2024-02-04-203900-1.png" alt="Bitcoin ETF investment inflow chart " class="wp-image-14245504" style="width: 100%;height:auto">
 <figcaption class="wp-element-caption">
 Bitcoin ETF investment inflow chart | Source: <a href="https://a.storyblok.com/f/155294/x/ae8d3c4f50/coinshares-digital-asset-fund-flows-05-02-2024.pdf" target="_blank" rel="noopener">CoinShares</a>
 </figcaption>
</figure> 
Bitcoin dominated the inflow charts with $703 million, representing 99% of the total investment flow. In contrast, products betting against Bitcoin experienced a slight withdrawal of $5.3 million, aligning with a positive shift in its price trends. 
Among other cryptocurrencies, <a href="https://crypto.news/price/solana/">Solana</a> stood out with $13 million in inflows, surpassing Ethereum and Avalanche, which faced withdrawals of $6.4 million and $1.3 million within the same timeframe. 
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Crypto assets saw $708m inflows last week; Bitcoin and Solana lead

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