Solana and Avalanche Draw Millions in Crypto Funds as J.P. Morgan, Visa Eye Blockchains
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Money continued to flow into crypto investment funds last week, centered on Solana and Avalanche which received $3M and $2M respectively.
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Renewed interest in Solana and Avalanche networks sparked by recent big names like J.P. Morgan, Visa, and Shopify announcing involvement.
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Solana's SOL token down 4% but up 15% over the past week; Avalanche's AVAX token up 9% in the past day and 66% over the past week.
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Total inflows into digital asset investment products was $43M this past week, the 11th straight week of inflows.
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Investors put $20M into Bitcoin products this past week; renewed interest in Ethereum with funds now in the black $19M year-to-date after 7 weeks of outflows.