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Solana Investment Products Outpace Ethereum with $26M Inflows Since Start of 2023: CoinShares Report

According to CoinShares, Solana (SOL) investment products have received $26 million in inflows since the beginning of 2023, surpassing all other altcoins including Ethereum. Despite a seven-week run of negative sentiment that has seen $342 million leave crypto products, Solana products have seen weekly inflows of $700,000, with YTD inflows of $26 million.

Bitcoin (BTC) products were the only other asset to see weekly inflows, totaling $3.8 million, while Short BTC, Polygon (MATIC) and Ether (ETH) products all recorded weekly outflows. Solana's recent positive developments, including being added to Shopify's payment options and a proposal to build MakerDAO's upcoming native chain off a fork of Solana's codebase, may have contributed to its popularity among investors.

Bitcoin Bitcoin $93,917.68
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