Crypto funds see fourth week of net inflows, with Solana taking largest altcoin share

Digital asset investment products saw net inflows for the fourth consecutive week totaling $66 million, according to CoinShares.

Digital asset investment products saw net inflows of $66 million last week, the fourth consecutive week of inflows that totaled $179 million over the period, according to CoinShares.

"While the most recent inflows are likely linked to excitement over a spot bitcoin ETF launch in the U.S., they are relatively low in comparison to June announcements," CoinShares' analysts said in a note sent to The Block. "This suggests that the lower inflows this time round, despite the positive news from the Grayscale vs SEC court ruling, are indicative of investors adopting a more cautious approach this time," the analysts added.While 84% of the past week's inflows were directed toward bitcoin investment products, leading to year-to-date inflows of $315 million, Solana captured the largest portion of altcoin inflow.

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