Solana YTD inflows suggest it’s the 'most loved altcoin’ — CoinShares
Solana has seen steady inflows over the last nine weeks, even as other crypto investment products have faced outflows over a similar period. Solana (SOL) investment products clocked $26 million worth of inflows since the start of 2023, outpacing all other altcoin s including Ethereum, suggesting its the “most loved altcoin amongst investors” according to CoinShares. In a Sep. 4 Digital Asset Fund Flows weekly report, CoinShares' head of research James Butterfill noted that trading volumes for crypto investment products for the week ending Sep. 1 were 90% above the year-to-date average — with crypto product out flows dropping to $11.2 million. It marks a seven-week run of negative sentiment that’s seen $342 million leave crypto products over that time but YTD, investment products remain net inflow positive at $165 million. Crypto investment products have mostly seen outflows over the past seven weeks. Source: CoinShares The out flows haven’t affected Solana products however, w...