search
Homeweb3.0Solana Remains Institutional Investors' Favorite as Bitcoin and Ethereum See Consecutive Weeks of Outflows

Digital asset investment products have experienced a second consecutive week of outflows, but Solana looks to be bucking the trend.

Solana Remains Institutional Investors' Favorite as Bitcoin and Ethereum See Consecutive Weeks of Outflows

Digital asset investment products have seen a second consecutive week of outflows, but Solana seems to be bucking the trend.

Last week saw a massive outflow of $726 million from cryptocurrency-based investment products. The outflows were largely concentrated in two of the biggest and most popular cryptocurrencies, Bitcoin and Ethereum, which corresponded with a lack of bullish momentum in their spot prices.

However, Solana-based investment products continued to defy the broader market trend.

Solana remains institutional investors’ favorite

Solana has attracted inflows for the second consecutive week, indicating growing investor confidence in the asset. According to CoinShares’ latest weekly report on digital asset investment funds, Solana-based investment products witnessed a total inflow of $6.2 million last week, bringing their year-to-date inflows to $47 million.

While these inflow numbers may be small compared to what we’ve seen with digital asset investment products, the timing has made it somewhat more noteworthy.

The entire crypto industry has been gripped by bearish sentiment in the past few weeks, which has also been reflected in institutional investors, to the extent that outflows from digital asset products have matched the largest recorded outflow, set in March of this year.

According to CoinShares, much of this negative sentiment has been driven by investor expectations surrounding the U.S. Federal Reserve’s monetary policy.

Many market participants anticipated a 25 basis point (bp) interest rate cut following stronger-than-expected macroeconomic data from the previous week. As a result, the majority of the outflows were concentrated in the United States, which saw a staggering $721 million withdrawn from digital asset investment products. Canada followed behind, experiencing outflows of $28 million.

Unsurprisingly, Bitcoin had the lion’s share of outflows as Spot Bitcoin ETFs registered outflows every single day last week. In total, Bitcoin investment products clocked out at $643 million in outflows.

Ethereum was also hit hard. Notably, the recently launched Spot Ethereum ETFs, particularly the Grayscale Trust, contributed significantly to the overall outflows.

As investor interest in the asset waned alongside broader market concerns, Ethereum investment products saw a total of $98 million in outflows.

On the other hand, a select few digital assets bucked the trend and managed to attract modest inflows. Multi-asset products saw $3.4 million in inflows, while XRP and Litecoin recorded inflows of $1 million and $0.7 million, respectively.

Additionally, short Bitcoin products (which benefit from declining prices) experienced inflows of $3.9 million, further highlighting the bearish sentiment surrounding Bitcoin.

Interestingly, investment products in Europe managed to finish the week with positive inflows. Germany and Switzerland stood out in particular, recording inflows of $16.3 million and $3.2 million, respectively. Other regions, including Australia and Brazil, also saw inflows, with $0.9 million and $3.9 million flowing into their respective digital asset markets.

The above is the detailed content of Solana Remains Institutional Investors' Favorite as Bitcoin and Ethereum See Consecutive Weeks of Outflows. For more information, please follow other related articles on the PHP Chinese website!

Statement
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn
solana怎么找到子账户余额solana怎么找到子账户余额Apr 30, 2024 pm 02:56 PM

要查找Solana子账户余额:获取其公钥;使用SolanaExplorer、SolanaCLI或开发工具查询余额。

公链争霸:Solana日发上万个Meme币,其他链的Meme却“水土不服”公链争霸:Solana日发上万个Meme币,其他链的Meme却“水土不服”Mar 19, 2024 pm 04:52 PM

作者:Frank,PANews与以往的叙事不同,Meme币在本轮牛市初期异常火爆。即使价值投资者曾对Meme币不屑一顾,现在也无法忽视Meme币对行业的影响。对于公链生态的建设者而言,他们或许已经在Meme币中找到了新的增长契机。Solana每天新增近万个Meme币,24小时亏损概率约为99.6%随着这一波投资热潮的到来,Solana网络上新发行的Meme币数量也达到了前所未有的规模。之前,每日平均发行量已经达到了2500个,在公链中处于领先地位。然而,最近的数据显示,3月15日Solana网络

Neiro: The Solana Memecoin Inspired by the Dog Behind DogecoinNeiro: The Solana Memecoin Inspired by the Dog Behind DogecoinJul 30, 2024 am 06:21 AM

Solana's DEX trading volume hit a whopping $2 billion in the last 24 hours, according to DefiLlama data. That's more than Ethereum, its army of layer 2 networks, and BNB Chain combined – a first for Solana.

Solana (SOL) Price Prediction: AI Predicts SOL’s Record High Price Could Hit $600 or Even HigherSolana (SOL) Price Prediction: AI Predicts SOL’s Record High Price Could Hit $600 or Even HigherJul 28, 2024 am 03:05 AM

Solana (SOL) is currently among the standout cryptocurrencies, recording significant buy pressure as the token seeks to breach new highs.

Amid Increased Price Volatility, Top 3 Solana-Based Altcoins (JTO, JUP, GRT) Poised for Massive Upside Amid increased price volatility in the cryptocurrency market, the Solana price has successfully rAmid Increased Price Volatility, Top 3 Solana-Based Altcoins (JTO, JUP, GRT) Poised for Massive Upside Amid increased price volatility in the cryptocurrency market, the Solana price has successfully rJul 28, 2024 pm 12:21 PM

s, top SOL-based altcoins have experienced a similar price action and have recorded a massive surge in their respective portfolios. With the present market sentiments, will the Solana ecosystem regain its lost momentum and head toward a new high?

Solana的极简营销学:打钱,拉盘Solana的极简营销学:打钱,拉盘Mar 20, 2024 pm 11:30 PM

这几天所有人都在冲Solana的土狗,让币圈老人感叹江河日下:2017年ICO需要写白皮书,路演,画饼。2021年土狗需要做官网,运营TW,TG。到了今年,给个地址就打钱,开盘前你甚至都不知道叫什么名字。01、Bome开启土狗创业狂潮故事的开始源于这条推:这条推的发送时间是3月13日,当时以太坊的价格是四千美金,所有人都在关注坎昆升级。然后BOME就走出来了这么个行情,发行两天就直接上了币安。一堆玩铭文的小伙伴感叹:“两天走过Rats半年的路”02、坎昆给Solana升了个级随后的故事就越发离谱

如何查询Solana币最新价格?如何查询Solana币最新价格?Mar 05, 2024 am 10:40 AM

如何查询Solana币最新价格Solana是一个专注于实现快速、安全和可扩展交易的高性能区块链平台。其原生代币SOL被设计用于支付交易费用、质押和治理。查询Solana币最新价格的步骤:选择一个可靠的价格查询网站或应用程序。一些常用的选项包括:CoinMarketCap:https://coinmarketcap.com/currencies/solana/Coindesk:https://www.coindesk.com/price/solanaBinance:https://www.bina

Solana Meme Coins See 94% Drop in Value as the Hype Dies DownSolana Meme Coins See 94% Drop in Value as the Hype Dies DownJul 28, 2024 pm 03:03 PM

In June this year, the Solana blockchain emerged as a hub for people who liked joke currencies. It was a busy month for everyone.

Hot AI Tools

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Undress AI Tool

Undress AI Tool

Undress images for free

Clothoff.io

Clothoff.io

AI clothes remover

AI Hentai Generator

AI Hentai Generator

Generate AI Hentai for free.

Hot Article

R.E.P.O. Energy Crystals Explained and What They Do (Yellow Crystal)
2 weeks agoBy尊渡假赌尊渡假赌尊渡假赌
Repo: How To Revive Teammates
4 weeks agoBy尊渡假赌尊渡假赌尊渡假赌
Hello Kitty Island Adventure: How To Get Giant Seeds
3 weeks agoBy尊渡假赌尊渡假赌尊渡假赌

Hot Tools

SublimeText3 Chinese version

SublimeText3 Chinese version

Chinese version, very easy to use

SublimeText3 Mac version

SublimeText3 Mac version

God-level code editing software (SublimeText3)

MantisBT

MantisBT

Mantis is an easy-to-deploy web-based defect tracking tool designed to aid in product defect tracking. It requires PHP, MySQL and a web server. Check out our demo and hosting services.

Dreamweaver CS6

Dreamweaver CS6

Visual web development tools

DVWA

DVWA

Damn Vulnerable Web App (DVWA) is a PHP/MySQL web application that is very vulnerable. Its main goals are to be an aid for security professionals to test their skills and tools in a legal environment, to help web developers better understand the process of securing web applications, and to help teachers/students teach/learn in a classroom environment Web application security. The goal of DVWA is to practice some of the most common web vulnerabilities through a simple and straightforward interface, with varying degrees of difficulty. Please note that this software