Solana Attracts Nearly $24 Million Inflows, Ether Sees Minor Outflows

Despite Solana's popularity in the cryptocurrency market, its reputation has suffered somewhat due to network outages and other issues. According to CoinShares' latest Digital Asset Fund Flows Weekly Report, Solana attracted nearly $24 million in inflows over the past week, ending the previously negative sentiment. In contrast, Ether saw a modest $2.1 million in outflows over the past week, although it still holds a strong position in year-to-date inflows. Polkadot, Fantom, Chainlink and Uniswap attracted inflows of $2.7 million, $2 million, $2 million and $1.6 million respectively over the same period. More broadly, digital asset investment products recorded $2.7 billion in inflows over the past week, bringing total year-to-date inflows to $10.3 billion, slightly below the $10.6 billion record set in 2021. Meanwhile, Bitcoin continues to attract investor attention, attracting $2.6 billion in inflows over the past week, bringing year-to-date inflows to 14% of total AUM. Despite the recent rise in Bitcoin's price, shorts are still increasing, with $11 million added last week.