Ethereum Competitor Emerges as Top Altcoin for Institutional Investors in this year, Says CoinShares
CoinShares Reveals Ethereum's Leading Competitor as Most Preferred Altcoin for this year.
"Solana (SOL) Emerges as Investors' Favorite Altcoin, Recording 9 Consecutive Weeks of Inflows, Reports CoinShares"
CoinShares' recent Digital Asset Fund Flows Weekly Report highlights Solana's consistent inflows, marking the ninth week in a row with $0.7 million flowing in. The YTD inflows of $26 million underscore its popularity among investors.
However, the broader digital asset markets experienced outflows surpassing $11 million during the same period, as indicated by CoinShares.
"Despite an overall net outflow of $11.2 million in digital asset investment products, YTD inflows of $165 million reflect the industry's dynamic investor sentiment, driven by regulatory considerations."
"Bitcoin (BTC), Polygon (MATIC), and Ethereum Experience Outflows of $3.8M, $8.6M, and $3.2M Respectively, Yet CoinShares Reports Increased Trading Volumes"
Last week, investment products related to Bitcoin (BTC), Polygon (MATIC), and Ethereum saw outflows of $3.8 million, $8.6 million, and $3.2 million respectively. Nevertheless, CoinShares observes a surge in trading volumes.
"Despite modest flow activities, trading volumes exhibited significant growth, reaching a total of $2.8 billion for the week, representing a 90% increase over the YTD average."
Sep 05, 2023
