Crypto funds received their largest investment since July: Litecoin surprise…

Crypto funds received $2.2 billion in net investment last week, their largest inflow since July. As the idea that Trump will emerge victorious from the election grows stronger, the heavy inflows into Ether, Solana and Litecoin funds did not go unnoticed.

Crypto funds received their largest investment since July: Litecoin surprise…

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

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