Solana Sees 7,600% Surge In Institutional Inflows, Here’s Why

Quick Summary:

Particularly, data from CoinShares’s weekly report on digital asset fund flows noted a total outflow of $305 million last week, a vast difference from the $533 million registered in the previous week.

According to the most recent CoinShares report, Bitcoin can be credited with the lion’s share of the outflows, with the crypto’s products registering $319 million worth of outflows last week.

Digital asset investment products witnessed a cumulative outflow last week, especially as Bitcoin-based products failed to attract investor inflow.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets: United KingdomBrazil

Topics: Solana ETFs news Solana ETF news SOLUSDT SOL Price Solana news Spot Solana ETF Solana Spot Solana ETF news Solana ETFs SOL news Solana ETF Institutional Investors Sol Spot Solana ETFs SOLUSD Solana Price Institutional inflows

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-03 @ 15:00:10 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 511 words

Reading Time: 3 minutes read

Sentences: 73 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 22351942

View Article Analysis

About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 7 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 15 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #102

Publisher Details

Frequently Asked Questions