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Crypto Investment Funds See Inflows, Solana and Avalanche Gain Interest

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According to Decrypt, crypto investment funds experienced their 11th consecutive week of inflows, with Solana and Avalanche receiving increased attention from investors. Digital asset fund manager CoinShares reported that funds providing exposure to Solana and Avalanche received $3 million and $2 million, respectively, last week. The renewed interest in these networks was sparked by major companies such as J.P. Morgan, Visa, and Shopify announcing their use of the Avalanche and Solana blockchains. CoinShares also noted that digital asset investment products saw inflows of $43 million, with investors primarily drawn to Bitcoin, which received $20 million in investments. Ethereum, the second-largest cryptocurrency, experienced a remarkable turnaround, with year-to-date deposits totaling $19 million after previously seeing outflows of $125 million.

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sources: Tradingview and Binance


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