Cryptocurrency investment products saw a second consecutive week of inflows of US$24 million last week, despite the eighth consecutive week of outflows from Bitcoin of US$3.8 million, according to CoinShares, Europe’s largest digital assets fund manager.
Total digital assets under management (AUM) across all digital asset fund providers last week stood at US$56.86 billion. Altcoins, including Ethereum, now represent 32% of the total digital assets under management — close to the peak of 35% set in mid-May and exceeding the 30% highs seen in January 2018.
Cardano — the third-largest cryptocurrency by market value — saw inflows of US$10.1 million last week — the largest inflows on record, taking its market share to 0.15%, CoinShares reported. Cardano has surged in recent weeks in the lead-up to its much anticipated “Alonzo” hard fork scheduled to take place on Sept. 12.
The market share for Ethereum, which saw inflows of US$17.2 million last week, remained stable at 25%, according to CoinShares.
Solana and Polkadot also saw inflows of US$2.7 million and US$1.5 million respectively while Binance, XRP and multi-asset investment products saw outflows of US$3.3 million, US$0.3 million and US$0.2 million respectively. Solana, a proof-of-stake blockchain and challenger to the Ethereum blockchain, has been surging in recent weeks and reached a new all-time high of US$117.65 today, according to CoinGecko data.
Source: forkast.news
Coin | Change(%) | Price | Volume (24h) |
---|---|---|---|
Bitcoin (BTC) | 3.71 | $72,084.86 | $45.5B |
Ethereum (ETH) | 3.43 | $4,038.91 | $20.8B |
XRP (XRP) | 18.52 | $0.727106 | $4.4B |
Solana (SOL) | 1.58 | $147.242060 | $3.8B |
Binance Coin (BNB) | -2.22 | $519.52 | $3.0B |
USD Coin (USDC) | 0.03 | $0.999697 | $2.4B |
Dogecoin (DOGE) | 0.96 | $0.174374 | $2.1B |
Shiba Inu (SHIB) | -2.92 | $0.000033 | $1.7B |
Floki Inu (FLOKI) | -7.67 | $0.000267 | $1.3B |
Avalanche (AVAX) | 13.16 | $47.596296 | $1.2B |