Weekly Crypto Inflows Reach $901M, Bitcoin and Solana Lead Gains

• Digital asset inflows hit $901 million last week, led by Bitcoin with $920 million.
• Solana saw four consecutive weeks of inflows, signaling growing investor interest.
• Ethereum and Cardano recorded outflows, reflecting cautious sentiment among investors.

Digital asset investment products saw a net inflow of $901 million last week, according to a CoinShares report. This inflow represents 12% of total assets under management (AUM) this month, making October the fourth-strongest month for digital asset inflows.

Bitcoin led the inflows with $920 million. Year-to-date Bitcoin inflows have reached $25.5 billion, the highest among all assets, demonstrating Bitcoin’s popularity among investors.

Ethereum and Solana Inflows and Outflows

The report shows that Ethereum had $35 million in outflows last week, with month-to-date outflows of $12.2 million. Despite its popularity, Ethereum has seen decreased investor interest. Year-to-date inflows for Ethereum are only $748 million, significantly less than Bitcoin’s inflows.

Solana had $10.8 million in net inflows, its fourth consecutive week of positive numbers. Month-to-date inflows for Solana have reached $17.9 million, showing steady growth in investor interest. Year-to-date, Solana has attracted $69 million in inflows.

Blockchain equity products saw inflows of $12.2 million, indicating that investors are diversifying their crypto holdings. Cardano and Ethereum were the only assets with outflows. Cardano had $1.8 million in outflows last week. Year-to-date inflows for Cardano are $11 million, reflecting limited interest.

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In multi-asset products, the inflows reached $2.1 million. These multi-asset funds now have a month-to-date inflow of $28.4 million. Multi-asset products have attracted a total of $470 million in YTD inflows, highlighting steady demand for diversified crypto exposure.

Short Bitcoin products reported $1.3 million in outflows last week. However, short Bitcoin products maintain positive YTD inflows of $54 million. Despite these recent outflows, investor interest in shorting Bitcoin remains strong.

Overall, CoinShares reports that total digital asset inflows for this year are $27 billion, more than double the $10.5 billion in 2021, showing continued growth in digital asset investments.