Funds are flowing out of Solana investment products, with Ethereum and other mainstream cryptocurrencies attracting funds

According to CryptoPotato, investment products based on Solana experienced stable inflows of funds this year. However, investor confidence was affected due to a bug earlier this month that caused trading to enter an infinite loop and resulted in a five-hour network outage. In the past week, investment products related to Solana saw outflows of $3 million, nearly double the $1.6 million from the previous week. Meanwhile, Ethereum attracted inflows of $17 million as a competitor to Solana. During the same period, other altcoins such as Chainlink and XRP attracted inflows of $1.8 million and $1.1 million respectively. Investment products based on Cardano and Litecoin saw inflows of $400,000 and $1 million respectively.

According to CoinShares' latest Digital Asset Fund Flows Weekly report, Bitcoin attracted inflows of $570 million last week, bringing its year-to-date fund flows to $5.6 billion. However, recent price increases led short-term Bitcoin positions to attract inflows of $39 million.

CoinShares data shows that investment products focused on digital assets attracted inflows of $598 million last week for the fourth consecutive week with positive fund flows.