Bitcoin, Solana Take Center Stage In $721 Million In Institutional Inflows
Summary
- Bitcoin and Solana saw significant institutional inflows into digital asset investment products last week. - Bitcoin recorded $703 million in inflows, accounting for 99% of all flows, while Solana had $13 million. - Spot Bitcoin ETFs in the US saw $721 million in inflows last week, averaging $1.9 billion over the last four weeks. - GBTC contributed to $6 billion in outflows, but the outflows have slowed in recent weeks. - Trading volumes in digital asset investment products fell to $8.2 billion from $10.6 billion the prior week. - Despite the drop in trading volume, Spot Bitcoin ETFs have lived up to the hype, with BlackRock and Fidelity holding over 134,358 BTC for their ETFs.
