Money Flow (Patreon)

Nearly 300M flowed into SOL funds in a month!!!!

Follow da Money

Digital asset investment products saw minor outflows totalling US$16m, ending an 11-week run of inflows. Trading activity remained well above the year average though, totalling US$3.6bn for the week, compared to the year-to-date average of US$1.6bn.

Regionally, the outflows were primarily focussed on the US which saw US$18m, while Germany saw minor outflows totalling US$10m. This was partially offset by continued inflows into Canada and Switzerland totalling US$6.9m and US$9.1m respectively. The mixed regional flows suggest this was more related to profit-taking rather than a turn in sentiment towards the asset class.

Bitcoin suffered the most, seeing US$33m of outflows last week, while short-bitcoin also saw minor outflows totalling US$0.3m.

Altcoins bucked the trend, seeing US$21m of inflows. The main beneficiary continues to be Solana!