Crypto funds received the largest investment since July: Litecoin surprise...
Crypto funds received a net investment of $2.2 billion last week and saw their biggest inflow since July. While the idea that Trump will win the election became stronger and stronger, the intense inflows to Ether, Solana and Litecoin funds did not escape the eyes.
Last week, when Bitcoin exceeded 67 and 68 thousand dollars after months, there was a record entry into crypto funds after months. The funds saw their largest inflows since July and received a net investment of $2.2 billion.
While Bitcoin was the fund that received the most investments with $2.1 billion, this figure was $57 million for Ether funds. There was an inflow of 2.4 million dollars to Solana funds, the second most invested altcoin of 2024. For Litecoin, to which Canary Capital applied for an ETF last week, there was an inflow of 1.7 million dollars. The net investment in Litecoin funds since the beginning of the year has increased to 41 million dollars.
Introduction to Short-Bitcoin
It also drew attention that short-Bitcoin funds, which had outflows of 6.3 million dollars last week, had a high inflow of 12.3 million dollars. The funds that have been negative since the beginning of the month have thus increased.
There was also an exit of 1.5 million dollars from Cardano funds.
Again, iShares, BlackRock's Bitcoin spot fund, received the most investment in ETFs. 1.1 billion dollars entered the IBIT fund. Grayscale's Bitcoin fund also saw a net inflow of $68 million. This figure was 319 million dollars for Fidelity and 306 million dollars for ARK Invest.
