Solana Remains Institutional Investors’ Favorite As Outflows Rock Bitcoin, Ethereum
Digital asset investment products faced significant outflows for the second consecutive week, totaling $726 million, primarily driven by Bitcoin and Ethereum. Solana, however, attracted $6.2 million in inflows, marking a total of $47 million year-to-date. This contrast highlights growing investor confidence in Solana amid broader bearish sentiment in the crypto market, influenced by expectations of a 25 basis point interest rate cut from the U.S. Federal Reserve. The U.S. experienced the majority of outflows at $721 million, with Bitcoin alone accounting for $643 million and Ethereum for $98 million. Other digital assets like XRP and Litecoin saw modest inflows, while multi-asset products gained $3.4 million. European investment products recorded positive inflows, particularly in Germany and Switzerland, which saw $16.3 million and $3.2 million, respectively.
