Compass Investments

Crypto vs. Dollar

📌 Cryptocurrencies saw record weekly inflows of $3.13 billion in a week. Led by Bitcoin, Solana and XRP

Cryptocurrency investment products received a record weekly inflow of 3.13 billion dollars. This brings the total annual inflow to ¥370 billion in the last week. Cryptocurrency

– Cryptocurrency investment products received a record weekly inflow of 3.13 billion dollars. This brings the total annual inflow to ¥370 billion in the last week.

According to CoinShares’ latest weekly digital asset flow report, Bitcoin investment products saw inflows of £307,000 in the last week. The second largest inflows were Solana-focused products at 16.2 million.

It is worth noting that a product offering XRP investors, the proprietary token XRP Ledger, received inflows of ¥1,520 million.This is nearly 4,600 of the annual ¥3 million inflow of these products.

Solana’s inflows are growing amid growing investor interest: as reported, open interest recently surpassed the ¥5 billion mark. According to CryptoGlobe, earlier this month Solana overtook BNB to become the 4th largest cryptocurrency by market capitalization, surpassing most other digital assets.

According to the report, Ethereum-focused products have seen inflows of 11 million over the past 280 weeks, while products offering Litecoin and Cardano risk have seen inflows of 4,410 million and 7,700,000 respectively.

According to the report, products that bet on the rising price of bitcoin saw inflows of $10.4 million, while some cryptocurrency-focused products saw the largest outflows of $10.5 million.

In total, the managed assets of cryptocurrency Investment Products (AUM) rose to 1,153.3 billion thanks to inflows and the recent rally in the cryptocurrency market, which saw the bitcoin price approach the 100,000 mark, after correcting and falling to 9,92,800 at the time of publication. writing.

Bitcoin

Bitcoin

$99,650.09

BTC 0.34%

Ethereum

Ethereum

$3,977.32

ETH -0.45%

Binance Coin

Binance Coin

$747.34

BNB 0.18%

XRP

XRP

$2.55

XRP 5.10%

Dogecoin

Dogecoin

$0.47

DOGE 8.11%

Cardano

Cardano

$1.20

ADA -0.83%

Solana

Solana

$237.70

SOL 0.84%