Digital asset funds attracted strong capital last week despite geopolitical tension and mixed market sentiment. Data from CoinShares showed steady investor demand across major cryptocurrencies.
Consequently, global crypto investment products recorded $619 million in inflows. Investors largely focused on major assets such as Bitcoin and Ethereum. However, flows weakened late in the week as macro uncertainty intensified.
Bitcoin Leads Inflows While XRP Sees Withdrawals
The report showed that Bitcoin dominated weekly inflows, attracting $521 million from institutional investors. Besides Bitcoin, several altcoins also received meaningful allocations. Ethereum secured $88.5 million in fresh capital. Meanwhile, Solana attracted $14.6 million as investors rotated toward select high-growth assets.
Additionally, smaller inflows reached projects such as Uniswap and Chainlink, each receiving $1.4 million. However, XRP moved against the trend and recorded $30.3 million in outflows.
Regional data revealed clear geographic differences in sentiment. The United States drove most inflows with $646 million entering digital asset products.
However, Europe recorded $23.8 million in withdrawals. Asia and Canada also reported modest outflows of $2.2 million and $3.6 million.
Early-week optimism played a significant role in the final weekly total. Investors poured $1.44 billion into crypto funds during the first three days. However, risk appetite faded later in the week. Consequently, funds saw $829 million in combined outflows on Thursday and Friday.
Rising oil prices and geopolitical tension reduced investor confidence. Besides that, weak payroll data failed to sustain bullish expectations for lower inflation.
Solana Price Holds Key Support Zone
Meanwhile, Solana price action showed signs of stabilization after recent volatility. SOL currently trades near $85 after gaining roughly 3.6% over the past 24 hours. The asset also posted a 1.7% increase during the last week. Its market capitalization stands near $48.5 billion.
Market analysts closely monitor the $81 support level following a recent pullback from the $94 peak. Buyers defended that zone and triggered a small rebound. Consequently, SOL now attempts to rebuild short-term momentum.
Analyst Crypto Tony believes bulls must reclaim the $86–$87 area to strengthen the bullish structure. That zone previously acted as strong support before the recent breakdown. A successful flip of $87 into support could push SOL toward the $90 region.
Analysts Eye Potential Rally Toward $100
Market commentator curb.sol expects dramatic upside if fear surrounding global conflict fades during the coming weeks. The analyst predicts a sharp sentiment reversal that could propel $SOL toward $100 in the short term. Moreover, curb.sol envisions extreme long-term growth, arguing Solana could outperform precious metals and approach $1,000 later this year.
Source: https://coinpaper.com/15290/crypto-funds-pull-619-m-inflows-as-sol-eyes-87-breakout
