Crypto fund inflows surpassed $1 billion this year, according to data shared in the latest CoinShares report on November 13. US$293 million was added last week.
The survey highlighted a series of 7-week inflows that caused the amount to surpass the $1 billion mark. The value of accumulated inflows for the year is 1.14 billion dollars. The amount is one of the third largest annual inflows.
Three cryptocurrencies stood out throughout this year with massive inflows and led with significant amounts, drawing attention with recent events, mainly driven by the possible launch of ETFs, they are: Bitcoin (BTC), Ethereum (ETH) and Solana (SOL) .
As the report noted, the largest cryptocurrency, Bitcoin, saw inflows totaling $240 million last week. As a result, accumulated inflows for the year rose to US$ 1.08 billion.
At the time of publication, the price of Bitcoin was quoted at US$36,820.26, up 0.9% in the last 24 hours. The cryptocurrency has recorded 5.0% growth over the past seven days.
Ethereum, which was experiencing a “sea of red” of inflows, recorded its biggest inflows since August last year of $49 million following the recent US spot ETF listing filing. Furthermore, Solana, which was called “preferred” by investors, presented new inflows that reached a total of US$12 million.
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