Weekly inflows to cryptocurrency investment products totaled $193 million for the week ending March 26.
What Happened: According to data from CoinShares, Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and altcoins recorded the strongest week of inflows since mid-December.
Bitcoin saw $97.8 million worth of inflows while Ethereum saw $10.2 million worth of inflows from investors.
Notably, Solana (CRYPTO: SOL) recorded $87 million worth of inflows, its single largest week on record. The coin is now the fifth-largest digital asset investment product and the largest altcoin holding besides Ethereum.
Cardano (CRYPTO: ADA), Polkadot (CRYPTO: DOT), and Cosmos (CRYPTO: ATOM) saw inflows of $1.8 million, $1.2 million, and $800,000, respectively.
“Regionally, the majority (76%) of inflows came from Europe at $147m, while the Americas lagged at $45m, with some providers continuing to see minor outflows,” noted CoinShares.
Over the last 30 days, more than $400 billion has been added to the overall market cap of cryptocurrencies which rose above $2.1 trillion.
Bitcoin has rallied by 15.8% over the past seven days. As of Tuesday morning, the leading digital asset was trading at $47,500.
Ethereum has seen a 17% increase over the week and was trading above $3,380 at the time of writing.
