$882 million investment in crypto funds: Sui stood out in Altcoins
Cryptocurrency funds entered $882 million in the last week, with net investment reaching $6.7 billion since the beginning of the year. While Bitcoin funds stood out, Sui funds drew attention on the altcoin front, leaving Solana behind.
Cryptocurrency funds received a net investment of $882 million over the past week. According to CoinShares' weekly report, the total net investment amount has reached $6.7 billion since the beginning of the year.
In the report, the sharp increase in both prices and investments was attributed to three major reasons. These were ranked as the rise in the global M2 coin supply, the risks of stagflation in the US, and the approval of Bitcoin as a strategic reserve asset in several US states.
Sui stood out in altcoin funds
Bitcoin funds received an investment of $867 million last week. Despite the sharp price increase in Ethereum, the net investment amount was limited to 1.5 million dollars. On the other hand, Sui funds surpassed Solana, which closed the week with a minus of 3.4 million dollars by investing 11.7 million dollars. When evaluated since the beginning of the year, Sui received an investment of 84 million dollars and got ahead of Solana, where 76 million dollars of funds were inflowed in the same period.
5 altcoins completed positively
Finally, XRP funds closed the week at a modest level with a net investment of $1.4 million. Litecoin and Cardano funds also saw smaller inflows. Thus, five altcoin funds, along with Ethereum, closed the week positively.$ETH
