HomeUncategorizedSolana YTD inflows suggest it’s the ‘most loved altcoin’ — CoinShares By Cointelegraph

Solana YTD inflows suggest it’s the ‘most loved altcoin’ — CoinShares By Cointelegraph

September 5, 2023

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(SOL) investment products clocked $26 million worth of inflows since the start of 2023, outpacing all other altcoins including Ether (ETH), suggesting it’s 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 outflows dropping to $11.2 million.

Crypto investment products have mostly seen outflows over the past seven weeks. Source: CoinShares
Weekly fund flows show positive inflows to and Solana for the week ending Friday, Sep. 1. Source: CoinShares
SOL’s price since Jan. 1 has traded mostly sideways. Source: Cointelegraph