Ethereum, Solana Remain Institutional Investors Favorites As Inflows Continue
Summary
Ethereum and Solana saw significant net inflows last week, totaling $176 million in investment products. Ethereum-based products attracted the most inflows, deviating from the dominance of Bitcoin. Despite a market correction, institutional investors maintained confidence in digital assets, with Ethereum ETPs receiving $155 million in inflows. Short-Bitcoin ETPs experienced their largest outflow since May 2023, reflecting a shift away from bearish strategies. Globally, all regions saw positive inflows, with the US leading at $89 million. This trend indicates renewed confidence in digital assets, as the market shows signs of recovery from recent corrections.
