📈 Institutions are not backing down: $6.7 billion inflow into crypto funds since the beginning of the year
According to a recent CoinShares report, from May 3 to May 9, crypto investment products attracted $882 million. This marks the fourth consecutive week of positive inflow, with a total of $6.72 billion flowing into crypto funds in 2024.
🔥 Key beneficiaries of the week:
🥇 Bitcoin: +$867 million — the absolute leader, confirming its status as digital gold
🌧️ Sui: +$11.7 million — a newcomer outpaces the veterans
🥏 XRP: +$1.4 million
✨ Ethereum: only +$1.5 million — still remains in the shadow of BTC
🔳 Solana: –$3.4 million — second consecutive weekly outflow
💼 AUM (assets under management) reached $169.3 billion, reflecting institutional confidence in the long-term potential of digital assets.
Particular attention is on American spot Bitcoin ETFs, which saw inflows of $599.6 million over the week (for comparison: the week before — $1.81 billion). Although the pace has slightly slowed, the overall trend remains positive.
📊 An interesting turn — Sui has surpassed Solana in inflows for the first time since the beginning of the year ($84M vs. $76M). Investors are likely searching for new promising L1 platforms with active DeFi ecosystems.
