According to Cointelegraph, CoinShares said that since the beginning of 2023, Solana (SOL) investment products have attracted inflows worth $26 million, surpassing all other altcoins such as Ethereum (ETH) and becoming investors' favorite altcoin.
James Butterfill, head of research at CoinShares, noted in the “Digital Asset Fund Flow Weekly Report” on Sept. 4 that trading volume in crypto investment products was 90% higher than the year-to-date average in the week ending Sept. 1, and outflows from crypto products fell to $11.2 million.
While most crypto investment products have seen outflows over the past seven weeks, Solana products have seen inflows rise for nine consecutive weeks, totaling $14.1 million, with year-to-date inflows totaling $26 million.
