Crypto Investments Set New Milestone With Record $3.13B Weekly Inflows

Key Takeaways

• The crypto market saw the largest weekly inflows on record.
• While Bitcoin leads, Solana overtook Ethereum as the second most popular asset.
• Altcoins like XRP and Litecoin also saw strong inflows.

The crypto market has reached a new milestone, with investments raking in $3.13 billion in inflows — the largest weekly inflows ever.

Bitcoin (BTC) remains the dominant force, but altcoins like Solana (SOL) have shown impressive growth, while other assets such as Ripple (XRP) and Litecoin (LTC) are also drawing significant investor interest.

Record-Breaking Inflows and Growth Predictions

According to CoinShares , last week, year-to-date inflows into crypto investment products topped $37 billion, a massive increase compared to the first-year $309 million inflows of U.S. Gold ETFs.

As always, the U.S. led the charge with $3.2 billion in inflows. However, this is partially offset by outflows from countries like Germany ($40 million), Sweden ($84 million), and Switzerland ($17 million).

Meanwhile, Australia, Canada, and Hong Kong posted positive sentiment-driven inflows, amounting to $9 million, $31 million, and $30 million, respectively.

Bitcoin’s latest rally, which has seen its price soar to $98,000, pushed its market capitalization above $1.77 trillion, surpassing Spain’s GDP.

Analysts are now speculating that the market could approach $4 trillion, with ongoing debates about whether Bitcoin or altcoins will drive the next phase of growth.

Bitcoin Maintains Lead, While Solana Surges

Bitcoin continues to lead the market, attracting $3 billion in inflows as its price climbs to new heights.

This surge has also sparked an increase in short-Bitcoin investment products, which saw $10 million in inflows.

Monthly inflows into these short positions hit $58 million, the highest since August 2022, suggesting growing market interest in hedging against Bitcoin’s rise.

In a notable shift, Solana outpaced Ethereum last week, securing $16 million in inflows compared to ETH’s $2.8 million.

While Ethereum still holds a significant lead in year-to-date metrics, Solana’s momentum indicates a growing preference for SOL among investors.

Other leading altcoins, including XRP, LTC, and Chainlink (LINK), also saw inflows of $15 million, $4.1 million, and $1.3 million, respectively, reflecting increasing interest in diversified crypto assets.

Multi-Asset Products See Outflows

Despite the overall positive sentiment in the market, multi-asset investment products experienced their second consecutive week of outflows, totaling $10.5 million.

This signals a shift in investor preferences toward single-asset products like Bitcoin and Solana, as opposed to broader, multi-asset portfolios.

As the crypto market continues to evolve, it remains to be seen whether Bitcoin will maintain its dominance or if altcoins like Solana will continue to steal the spotlight.