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News Explorer — Solana Sees Investments Shrink as Bitcoin ETFs Continue to Grow

Generated by AI, curated by humans


Aug 19, 4:38 pm
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Solana Sees Investments Shrink as Bitcoin ETFs Continue to Grow

Solana experienced record outflows of $39 million from investment funds last week, as investors pulled cash out of funds giving exposure to the cryptocurrency. The decline in trading volumes of meme coins, which Solana heavily relies on, contributed to the outflows. Despite this, Bitcoin funds saw the most cash inflows, with $42 million entering exchange-traded products (ETPs).

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