Investors from institutions into altcoin-linked investment products rose to $21.9 billion. The share of Bitcoin funds fell below 65% for the first time since May, according to the latest data from CoinShares.
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From August 30 to September 3, crypto funds attracted $97.8 million. Positive momentum continued for the third week in a row. The pace accelerated compared with the previous week ($24 million), suggesting improved sentiment, according to analysts.
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For the first time in eight weeks, outflows from Bitcoin funds turned to inflows, totaling $59 million.
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Investors poured $14.4 million into Ethereum-based products, their market share reaching a record 27.9%. Cardano, Polkadot and Ripple-linked instruments also attracted $6.5 million, $2.7 million and $1.2 million respectively.
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Separately, specialists highlighted funds based on Solana. Demand for them in the last reporting period stood at $13.2 million, while cumulatively over the previous 34 weeks — only $11.8 million. Overall, the accumulated AUM for this product reached $44 million.
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On August 30, Solana’s price first surpassed the $100 psychological threshold. On September 7, the altcoin rose to seventh place in the market-cap ranking of crypto assets as prices rose above $190.
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