Solana Outpaces Markets Amidst Choppy Week for Digital Asset Funds

Despite a generally bearish week for digital asset investment products, Solana experienced strong inflows of $421 million last week, the second largest weekly inflow on record. This surge was driven by new US exchange-traded fund (ETF) inflows, which propelled Solana’s year-to-date total to over $3.3 billion, according to CoinShares’ Digital Asset Fund Flows Weekly Report. This performance contrasted with a notable outflow of $946 million from Bitcoin ETFs in the US during the same period, signaling broader market skepticism.