Alex Dovbnya

Ethereum funds and products saw $14 million worth of outflows last week, while Cardano and Solana are in the green

According to a report published by CoinShares, cryptocurrency funds have extended their streak of inflows, raking in over $226 million last week.

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Image by coinshares.com

Bitcoin accounted for the lion’s share of the aforementioned figure with $225 million. This development is not surprising since the narrative about U.S. securities regulators potentially approving a futures-based Bitcoin exchange-traded fund has been driving the cryptocurrency’s prices higher.

Solana and Cardano recorded minor inflows of $12.5 million and $3 million, respectively.

Ethereum funds, on the other hand, hemorrhaged $14 million. The second-largest cryptocurrency is down nearly 25% from the start of September.

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XRP, Polkadot, Litecoin are also in the red.

Leading cryptocurrency money manager Grayscale has $49.5 billion worth of assets under management, according to its latest update.




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