Bitcoin and Ethereum Lead Record Weekly Inflows While Solana Faces Outflows

Digital asset investment products received a record-breaking $3.85 billion in weekly inflows last week. This surge pushed year-to-date (YTD) inflows to $41 billion, up 1,722% from 2023, which had total inflows of $2.25 billion, according to a report by CoinShares . Meanwhile, assets under management (AUM) climbed to an all-time high of $165 billion, a 221% increase so far from last year’s total of $51.4 billion. The increase in investments reflects a growing trend of digital assets becoming a regular part of traditional financial portfolios, signaling that cryptocurrencies are being recognized as a legitimate asset class. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant