According to U.Today, according to the latest report from CoinShares, Solana (SOL) and XRP have attracted increasing interest in other cryptocurrencies besides Bitcoin, attracting a total of $4.5 million in inflows.
Reports show that Bitcoin has experienced outflows over the past week, as investors appear to be reallocating their assets. Solana and XRP have been the beneficiaries of this shift, attracting $4.1 million and $400,000 in funding, respectively.
Meanwhile, Bitcoin and Ethereum saw outflows of $423 million and $38 million, respectively. Digital asset investment products recorded outflows for the third consecutive week, totaling $435 million. This reallocation of funds could have far-reaching implications for the crypto market, and could indicate that investors are looking beyond Bitcoin to build a more diversified crypto portfolio. If this trend continues, it could lead to other cryptocurrencies gradually eroding Bitcoin's dominance.
