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

Solana (SOL) investment products clocked $26 million worth of inflows since the start of 2023, outpacing all other altcoins including Ether (ETH), recommending its the “most loved altcoin among financiers” according to CoinShares.In a Sep. 4 Digital Asset Fund Flows weekly report, CoinShares head of research James Butterfill kept in mind that trading volumes for crypto financial investment items for the week ending Sep. 1 were 90% above the year-to-date average– with crypto item outflows dropping to $11.2 million.It marks a seven-week run of negative sentiment thats seen $342 million leave crypto items over that time but YTD, financial investment products stay net inflow positive at $165 million.Crypto financial investment items have actually mainly seen outflows over the past seven weeks. Source: CoinSharesThe outflows havent affected Solana products however, which saw weekly inflows of $700,000– the ninth straight week in a row with inflows of $14.1 million over that time and YTD inflows of $26 million.Weekly fund streams program favorable inflows to Bitcoin and Solana for the week ending Friday, Sep. 1. Source: CoinSharesBitcoin (BTC) products were the only other possession to see weekly inflows, totaling $3.8 million, while Short BTC, Polygon (MATIC) and ETH items all recorded weekly outflows.SOLs price considering that Jan. 1 has actually traded mainly sideways.

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