Ethereum Eclipses Solana In 2024 Inflows Amid Hype For Upcoming ETF Launch
According to a recent report from CoinShares, Ethereum (ETH) saw an uptick in inflows last week, surpassing Solana’s (SOL) inflows for 2024, coinciding with the impending launch of exchange-traded funds (ETFs) that will allow regulated investment in the US for the second-largest cryptocurrency by market capitalization. ETH Dominates Inflows The report highlights Ethereum’s strong momentum recorded over the past month, with inflows reaching $45 million last week, amounting to the year for over $103 million, outpacing Solana’s inflows year-to-date (YTD). Solana, however,....
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Quick Facts: ➡️Spot Bitcoin and Ethereum ETFs logged several red-flow sessions this week, while Solana funds drew net inflows, signaling risk rotating beyond mega caps. ➡️ETF flow leadership often precedes performance, steering attention and liquidity toward chains where users need faster wallets, cross-chain routing, and simpler onramps. ➡️Sustained Solana ETF inflows ($70.1M on Monday) despite […]
Solana has gained the favor of institutional investors recently which has seen a marked increase in the amount of inflows that the altcoin has recorded. This trend has continued with last week’s numbers which show a significant amount of inflows for Solana compared to the likes of Ethereum. Solana Inflows Reach $15.5 Million According to data from the latest CoinShares report, the inflows into Solana for the last week came out to $15.5 million. This came while some altcoins such as Ethereum saw outflows for the week. For context, Ethereum outflows reached $7.4 million in the same time....
The Bitcoin strategy continues to dominate the airwaves, but internationally, another cryptocurrency is gaining steam. Hong Kong-based MemeStrategy became the first publicly traded company to invest in Solana. Its stock promptly jumped 20% (and 45% in the last 5 days), an indication of just how much hype is building behind the Solana ecosystem. It’s not […]
Institutional inflows into digital asset investment products based on Solana spiked last week, particularly as these investment products saw a 7th consecutive week of inflows. Digital asset investment products have had inflows since the end of September and throughout October, reflecting the bullish sentiment in the broader crypto market. As a result, inflows into Solana have increased steadily, and last week jumped by 15% compared to the week before. Solana Institutional Inflows Surge Solana has been on an incredible run recently and has had one of the best price gains this month.....