Solana has experienced consistent inflows over the past nine weeks, while other crypto investment products have faced outflows.
Solana investment products have received $26 million worth of inflows since the start of 2023, surpassing all other altcoins.
CoinShares’ head of research, James Butterfill, states that Solana is the “most loved altcoin amongst investors.”
Crypto investment products have seen outflows over the past seven weeks, with $342 million leaving the market.
Solana products, however, have continued to attract inflows, with $700,000 in weekly inflows for the ninth consecutive week.
Bitcoin products also saw weekly inflows of $3.8 million, while other assets experienced outflows.
Solana’s recent positive developments, including partnerships and network improvements, contribute to its inflows.
The price of SOL has traded mostly sideways but is up 95.5% year-to-date.
However, SOL is down 92.5% from its all-time high in November 2021.
Summary:
– Solana has seen steady inflows while other crypto investment products have faced outflows.
– Solana investment products have received $26 million in inflows since the start of 2023.
– Solana is considered the “most loved altcoin amongst investors.”
– Crypto investment products have experienced outflows of $342 million over the past seven weeks.
– Solana products have consistently attracted inflows, with $700,000 in weekly inflows for nine consecutive weeks.
– Bitcoin products also saw weekly inflows of $3.8 million.
– Solana’s positive developments and network improvements contribute to its inflows.
– The price of SOL has traded sideways but is up 95.5% year-to-date.
– SOL is down 92.5% from its all-time high in November 2021.