Crypto Fund Flows: Bitcoin Leads As Solana Follows, But Why’s Ethereum Left B...
Investment products in the crypto arena have recently reported net inflows of $21 million, breaking a persistent six-week drought. With the crypto market’s future continuously debated among experts, such inflows mark a possible resurgence of confidence among investors. The top cryptocurrency remained at the forefront of this resurgence, capturing most of the inflow. But as Bitcoin continues its dominance, emerging coins like Solana also signify the diversifying landscape of the crypto world. Amid these positive indicators, the Ethereum token, however, tells a different story. Related....
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A recent analysis by an analyst has painted a clearer picture of just how volatile the crypto market has been, especially for those who took their chances on lesser-known altcoins a few years back. The analyst studied the top 100 cryptocurrencies as they stood in December 2017 and found that the fortunes of these digital assets varied significantly over the past six years. Related Reading: Crypto Fund Flows: Bitcoin Leads As Solana Follows, But Why’s Ethereum Left Behind? From Prominent To Obscure: The Rise And Fall Of 2017’s Crypto Stars Six years in the financial world is....
Solana represented one-third of total inflows to institutional crypto investment products this past week. Institutional investors are loading up on Solana (SOL), with one-third of inflows to crypto investment products being invested in instruments tracking Solana this past week.According to CoinShares’ Aug. 23 Digital Asset Fund Flows Weekly report, $7.1 million flowed into Solana investment products between Aug. 15 and Aug. 20.While the price of SOL gained a megre 1.4% on the spot markets over the same period, SOL has gained 110% from $35.58 since the start of August to trade for $75 as....
Grayscale Investments has added solana and uniswap to its large-cap investment fund. This is the first time solana has been added to a Grayscale fund. The company now offers 15 funds, two of which are diversified portfolios.
Solana and Uniswap Added to Grayscale Fund
Grayscale Investments, the world’s largest digital currency asset manager, announced Friday the quarterly rebalancing of its two diversified portfolios: the large-cap fund and the defi (decentralized finance) fund.
For the Grayscale Digital Large Cap Fund (OTCQX: GDLC), the company sold some of the....
After expanding beyond Ethereum to Solana, Maple Finance expects its Solana app to control $300 million worth of liquidity by the end of 2022. Crypto capital markets platform Maple Finance has expanded support to the Solana blockchain and has deployed a $45 million fund to spur ecosystem growth.Maple provides undercollateralized loans for institutional borrowers on Ethereum (ETH) and now Solana (SOL) from several pool delegates. The project stated in an Apr. 25 blog post that it has already “originated over $1.2 billion in loans and currently count over $900 million in TVL to the....
The digital gold narrative in 2020 has begun to boil over, with Bitcoin stealing all the financial media headlines and turning the heads of boomers and hedge funds everywhere for the first time. Recent data from, Bloomberg suggested futures interest and fund flows signaled that the precious metal’s capital had begun pour into crypto. The same data now shows that weekly gold fund outflows have reached the highest point ever, beating the flight back to […]