Digital assets manager CoinShares says that one top Ethereum (ETH<\/a>) rival is being cherished over all other altcoins this year.<\/span><\/p>\n In its latest Digital Asset Fund Flows Weekly Report, CoinShares\u00a0<\/span>finds<\/span><\/a> that while the overall digital asset markets suffered minor outflows last week, Solana (SOL<\/a>) saw minor inflows for the ninth consecutive week.<\/span><\/p>\n \u201cWhile Solana saw inflows for the 9th consecutive week totaling US$0.7m, the YTD (year-to-date) inflows of US$26m suggest it is the most loved altcoin amongst investors at present.\u201d<\/span><\/em><\/p>\n Meanwhile, the overall digital assets markets saw over $11 million in outflows, according to CoinShares.<\/span><\/p>\n \u201cDigital asset investment product flows cooled off, with relatively minor outflows totaling US$11.2. This run of negative sentiment over the last 7 weeks now totals US$342m. Year-to-date digital asset investment products remain in a net inflow position totaling US$165m, with the year so far beset with large gyrations of investor flows, very much driven by the hopes and concerns for regulation on digital assets.\u201d<\/span><\/em><\/p>\n Bitcoin (BTC<\/a>), Polygon (MATIC<\/a>) and Ethereum investment products suffered $3.8 million, $8.6 million, and $3.2 million in outflows last week, respectively.<\/span><\/p>\n However, despite the minor outflows, CoinShares says trading volumes are up.<\/span><\/p>\n \u201cDespite little activity on flows, trading volumes were much higher than average, totaling US$2.8bn for the week, 90% above the YTD average.\u201d<\/span><\/em><\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em> <\/p>\n
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