Ethereum

Solana

Filecoin

Polkadot

Chainlink

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In a recent report by CoinShares, the digital asset investment landscape has shown signs of recovery, with total inflows reaching $862 million last week. This nearly offsets the previous week's record outflows of $931 million. Despite the encouraging recovery, the report&nbsp;<a href="https://blog.coinshares.com/volume-176-digital-asset-fund-flows-weekly-report-18d4c45cad4f" rel="noopener noreferrer nofollow">indicates</a> a slowdown in ETF activity, hinting that the initial market hype might be cooling down.
Bitcoin (BTC) emerged as a major player on the digital asset market, recording inflows of $865 million last week. This renewed interest is attributed to new ETF issuers in the U.S., which contributed $1.8 billion in inflows. However, these gains were partially offset by Grayscale's outflows of $967 million. Interestingly, short-Bitcoin products saw outflows for the second consecutive week, totaling $2 million.
The standout performer on the altcoin market last week was Solana (SOL), which saw an impressive $6.1 million in inflows. This surge reflects&nbsp;<a href="https://u.today/solana-sol-institutional-appeal-skyrockets-as-grayscale-solana-trust-surges" rel="noopener noreferrer nofollow">growing investor confidence</a> in Solana's blockchain platform and its potential to offer innovative solutions in the decentralized finance (DeFi) space. Moreover, this surge in inflows for Solana aligns with a bullish trend in SOL's price performance.
Despite experiencing a 6.52% dip in the last 24 hours, bringing the Solana price down to $182.49, the&nbsp;<a href="https://u.today/over-158-million-in-solana-sol-mysteriously-moved-to-coinbase" rel="noopener noreferrer nofollow">cryptocurrency</a> has shown impressive resilience and growth. Over the past 30 days, Solana has surged by 40.33%, demonstrating rising confidence and optimism in the platform's capabilities and future prospects.
<h2 dir="ltr" id="ethereum-struggles-amid-altcoin-surge">Ethereum struggles amid altcoin surge</h2>
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, faced its fourth consecutive week of outflows, totaling $19 million. This pattern is often observed following major network upgrades, indicating investor&nbsp;<a href="https://u.today/shiba-inu-shib-loses-steam-as-whale-offloads-500-billion-tokens" rel="noopener noreferrer nofollow">apprehension</a> about the success and stability of these updates.
Outside of Solana, altcoins witnessed a total inflow of $18.3 million last week. Other notable performers included Filecoin (FIL) with inflows of $3.9 million, Polkadot (DOT) with $2.4 million, and Chainlink (LINK) with $1.9 million. The latest data from CoinShares underscores the dynamic and often divergent nature of the digital asset market.

Solana Skyrockets With $6.1 Million Inflows as Ethereum Sees 4th Week of Outflows

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