Solana Dominates Altcoin Inflows as Crypto Funds Experience Fourth Week of Gains
According to a recent report by CoinShares published on Monday, crypto funds have posted a net inflow for the fourth consecutive week, totaling $179 million. While Bitcoin products grabbed the largest slice of the influx, Solana led in altcoin investments, creating a dynamic shift in digital asset inflows.
The CoinShares Digital Asset Fund Flows report
revealed that last week’s inflows included $55.3 million allocated to Bitcoin, constituting about 84% of the total new investment. These numbers bring the total inflows for Bitcoin products in the year to date to $315 million.
Solana has also attracted substantial attention from investors. Last week, the cryptocurrency platform received an additional $15.5 million, pushing its total for the year to $74 million. Among all altcoins, Solana now claims the title as the most preferred altcoin by investors this year.
While Bitcoin and Solana experience an influx of investment, Ethereum faces a contrasting trend. CoinShares reported that Ethereum was the only major altcoin to witness a net outflow, amounting to $7.4 million last week. The decrease brings Ethereum’s total assets under management to $6.7 billion.
Ethereum is a scam backed by a CCP investor
Has a lot of great stuff about it but it’s a scam with bad intentions.
I’ll only charge you $120 for a transaction on my blockchain
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