Last week, when Bitcoin exceeded $67,000 and $68,000 after months, there was a record inflow to crypto funds. The funds saw their biggest inflows since July and received a net investment of $2.2 billion.
Solana and Litecoin…
While Bitcoin received the most investment with $2.1 billion, this figure was $57 million for Ether funds. Solana funds, the second most invested altcoin of 2024, received an inflow of $2.4 million. Last week, Litecoin, for which Canary Capital applied for an ETF, saw an inflow of $1.7 million. The net investment in Litecoin funds since the beginning of the year has also increased to $41 million.
Inflow to Short-Bitcoin as well
It was also noteworthy that short-Bitcoin funds, which had outflows of $6.3 million the previous week, saw a high inflow of $12.3 million. Funds that had been in the red since the beginning of the month have now turned positive.
There was also an outflow of $1.5 million from Cardano funds.
BlackRock’s Bitcoin spot fund, iShares, received the most investment in ETFs. $1.1 billion went into the IBIT fund. Grayscale’s Bitcoin fund also saw a net inflow of $68 million. This figure was $319 million for Fidelity and $306 million for ARK Invest