Cryptocurrency

Litecoin

Solana

Bitcoin ETF

Optimism

Digital asset investment products have seen a significant increase in inflows, reaching $326 million, according to a recent report from cryptocurrency analysis firm CoinShares. 
This marks the largest single-week inflow since July 2022 and points to growing optimism among investors. The expectation is largely fueled by the thought that the US Securities and Exchange Commission is on the verge of approving a spot-based Bitcoin ETF in the US. 
<h2 id="solana-is-at-the-top-in-altcoin-funds">Solana is at the Top in Altcoin Funds</h2> 
Bitcoin accounted for 90% of inflows at $296 million. Interestingly, the recent rise in Bitcoin prices has also triggered $15 million inflows into short Bitcoin investment products. Despite this increase, the weekly inflow was the 21st largest on record, indicating continued hesitancy among investors. 
However, it is highly likely that a spot-based ETF will be approved in the coming months and is expected to be a significant shift for the industry from a regulatory perspective. 
Related News: <a href="https://en.bitcoinsistemi.com/this-altcoins-developer-multisig-wallets-transfer-tokens-for-sale-to-binance/" target="_blank" rel="dofollow">This Altcoin's Developer Multisig Wallets Transfer Tokens for Sale to Binance</a> 
From a regional perspective, only 12% of fund flows were from the US at $38 million, likely due to investors waiting for a spot-based ETF. The largest inflows were observed from Canada, Germany and Switzerland with inflows of $134 million, $82 million and $50 million, respectively. Asia also saw its biggest weekly debut at $28 million. 
Total assets under management for the funds are now at $37.8 billion, the highest level since May 2022. 
Optimism in fund flows also led to a significant inflow of $24 million into Solana. While some other altcoins also saw inflows, Ethereum was not part of this optimistic wave and experienced another outflow of $6 million. 
Litecoin saw an outflow of $500 thousand, XRP $200 thousand, and multi-asset funds saw an outflow of $5.2 million. 
*This is not investment advice. 
 Continue Reading: <a rel="nofollow" href="https://en.bitcoinsistemi.com/cryptocurrency-fund-inflows-data-released-this-altcoin-tops-the-chart/">Cryptocurrency Fund Inflows Data Released: This Altcoin Tops the Chart</a>

Cryptocurrency Fund Inflows Data Released: This Altcoin Tops the Chart

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