Crypto-focused investment funds enjoyed $326 million of net inflows last week, the largest single-week influx since July 2022, digital asset investment firm CoinShares reported Monday.
"We do believe a spot-based ETF is now highly likely in the coming months, and will represent a step-change for the industry from a regulatory perspective," said James Butterfill, CoinShares head of research.
CoinShares, however, did note that last week's inflows – while sizable – were only the 21st largest weekly gain over the three years the company has been keeping a record of such data, indicating that investors might still be somewhat cautious about deploying capital.
Bitcoin, solana (SOL) funds gain, ether (ETH) lags
Bitcoin funds were responsible for 90% of all inflows, including $15 million to short-bitcoin funds – i.e., those that would profit from a decline in prices – indicating some are hedging their gains or outright betting that prices could soon reverse.
Solana (SOL) investment vehicles extended their winning streak with $24 million of net inflows, the largest among altcoins.
Funds holding ether (ETH) continued to fall out of favor, suffering $6 million of net outflows last week, bringing total year-to-date exits to $125 million.
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