Solana investment products see largest week of inflows since March 2022
Digital-asset investment products at asset managers such as CoinShares, Grayscale, 21Shares, Bitwise and ProShares recorded inflows for the second consecutive week and the most since July, adding $78 million, led by Solana and Bitcoin funds. Solana is “continuing to assert itself as the altcoin of choice,” Head of Research James Butterfill wrote, particularly considering the recent launch of ether futures ETF products.
Solana investment products returned their largest inflows since March 2022, adding $24 million, according to CoinShares’ latest report. Solana is “continuing to assert itself as the altcoin of choice,” Head of Research James Butterfill wrote, particularly considering the recent launch of ether futures ETF products. Solana funds have recorded inflows in 28 weeks this year, with just four weeks of outflows in 2023. The regional divide continued, with Europe outpacing the United States again last week — accounting for 90% of the inflows. The U.S. and Canada made up just $9 million of the inflows combined, suggesting further divergence in sentiment, according to Butterfill.
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