Share this article
Investors Add to Altcoin Funds as Bitcoin Outflows Mount
Digital-asset funds focused on Cardano and other altcoins have attracted fresh capital.
Updated May 11, 2023, 4:33 p.m. Published Aug 30, 2021, 7:24 p.m.
Bitcoin investment products recorded their eighth consecutive week of outflows, totaling $3.8 million, but alternative coin (altcoin) funds continued to attract fresh capital, according to a report Monday.
Overall, crypto funds netted inflows totaling $24 million during the week ending Aug. 27, down about $3 million versus the prior week, according to the report by digital asset investment manager CoinShares.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- Altcoins, or cryptocurrencies other than bitcoin, now represent 32% of total digital assets under management, close to the record 35% set in mid-May.
- Cardano-focused funds saw inflows totaling $10.1 million over the past week, as the price of its associated cryptocurrency ADA doubled over the past month.
- Ethereum funds saw inflows totaling $17 million last week, with a relatively stable digital asset fund market share of about 25%, according to CoinShares.
Більше для вас
Що варто знати:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Більше для вас
Coinbase Sees Crypto Recovery Ahead as Liquidity Improves and Fed Rate Cut Odds Climb
The crypto exchange also took note of a so-called AI bubble that continues to go strong and a weaker U.S. dollar.
Що варто знати:
- Coinbase Institutional is seeing a potential December recovery in crypto, citing improving liquidity and a shift in macroeconomic conditions that could favor risk assets like bitcoin.
- The firm's optimism is driven by rising odds of Federal Reserve rate cuts, with markets pricing in a 93% chance easing next week, and improving liquidity conditions.
- Several recent institutional developments, including Vanguard's crypto ETF policy reversal and Bank of America's greenlighting of crypto allocations, have contributed to bitcoin's rebound from recent lows.
Top Stories
