Despite a significant outflow of funds in the field of cryptocurrency asset investments in recent weeks, the situation has now reversed, with a total inflow of $441 million recorded just last week.
According to James Butterfill, research director at CoinShares, the inflow of funds recorded in the past week indicates that many may see the recent decline as a “buying opportunity” rather than a signal to withdraw, despite the recent market conditions.
This week, funds have flowed widely into the purchase of BTC, while other cryptocurrencies such as ETH and SOL have also received significant attention. BTC still dominates with a scale of $384 million. However, this also indicates that BTC no longer holds the same dominant position as before.
CoinShares’ report shows that Solana’s performance stands out in terms of fund inflows, attracting $16 million, bringing the total fund inflow for the year to $57 million. From the perspective of fund flow, it is the best performing cryptocurrency asset.
Ethereum has also seen favorable adjustments, with an inflow of $10 million, although it is the only major cryptocurrency asset that has shown net outflows so far this year.
At the same time, large investment firms such as ArkInvest, Fidelity, and BlackRock have also noticed similar inflow trends.
In the United States, BTC received $384 million from local funds, showing particularly strong market performance. However, not every region reflects this optimistic sentiment.
According to Butterfill’s data, German funds experienced a net outflow of $23 million, possibly influenced by the recent sale of assets by the German government. The overall market remains relatively bearish, with several major cryptocurrency assets experiencing significant declines last week.
BTC hit a low point of $53,000 last Friday, marking its first decline since February. Nevertheless, BTC, ETH, and SOL have all seen slight rebounds in the past 24 hours.
BTC has risen by 0.5%, returning to the $57,000 threshold, while ETH has risen by 2.2%, returning to the key level of $3,000. Similarly, SOL has followed closely behind these major cryptocurrency assets with a 2.4% increase.
VanEck, one of the world’s largest asset management companies and the issuer of BTC ETF, is planning to launch an ETF based on Solana.
VanEck recently submitted an application to the U.S. Securities and Exchange Commission (SEC) for the first-ever spot Solana ETF, marking a critical moment for cryptocurrency assets.