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

Solana (SOL) investment items clocked $26 million worth of inflows considering that the start of 2023, outpacing all other altcoins, consisting of Ether (ETH), recommending its the “most loved altcoin among investors” according to CoinShares.In a Sept. 4 Digital Asset Fund Flows weekly report, CoinShares head of research study, James Butterfill, noted that trading volumes for crypto investment products for the week ending Sept. 1 were 90% above the year-to-date average– with crypto product outflows dropping to $11.2 million.It marks a seven-week run of negative belief thats seen $342 million leave crypto products over that time however YTD, financial investment products remain net inflow favorable at $165 million.Crypto investment products have primarily seen outflows over the previous 7 weeks. Source: CoinSharesThe outflows have not affected Solana items 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 flows 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, amounting to $3.8 million, while Short BTC, Polygon (MATIC) and ETH products all taped weekly outflows.SOLs rate because Jan. 1 has traded mostly sideways.