Bitcoin (BTC) Finally Records Inflows After 8 Weeks, Solana (SOL) Remains the Favorite Altcoin


Sentiments are improving in the market as Bitcoin recorded inflows for the very first time after eight consecutive weeks of outflows — the longest period endured by any digital asset investment product.

Bitcoin saw inflows of $59 million, “marking a potential turnaround in sentiment amongst investors,” states CoinShares report.

For the week ending Sept. 3, digital asset investment products saw a total of $98 million in inflows. This has been the third week in a row that inflows were recorded, totaling $140 million.

Given that Bitcoin (BTC) has just started seeing inflows, altcoins remain the favorite amongst investors whose market share is now a record 35% of investment products.

When it comes to altcoins, Solana (SOL) is leading with its last week’s inflows at $13.2 million, doubling the total inflows year-to-date. This altcoin's asset under management (AUM) grew to $44 mln last week, from $15 mln the previous week. SOL 0.71% Solana / USD SOLUSD $ 50.09
$0.360.71%
Volume 1.52 b Change $0.36 Open $50.09 Circulating 339.27 m Market Cap 17 b
4 mon Coinbase Predicts Substantial Growth of Newer L1 Chains & Institutionalization of Regulated DeFi 4 mon Bitcoin and Ether Dump More Going Into Year-End, ETH Killers Showing Great Momentum 5 mon Bitcoin and Ether Breaks Trend With Outflows While Altcoins Continue to See Inflows

Ethereum (ETH) meanwhile had the third week of inflows totaling $14.4 mln with its market share at a record 28%. Other altcoins, such as Cardano (ADA), Polkadot (DOT), and Ripple (XRP) all saw notable inflows of $6.5 mln, $2.7 mln, and $1.2 mln respectively. ADA 1.74% Cardano / USD ADAUSD $ 0.53
$0.011.74%
Volume 686.82 m Change $0.01 Open $0.53 Circulating 33.75 b Market Cap 17.85 b
4 mon Bitcoin Is Back Above $51k and Ether $4,100 as The Cryptocurrency Market Goes Green 5 mon Bitcoin and Ether Breaks Trend With Outflows While Altcoins Continue to See Inflows 5 mon Solana (SOL) Bucks the Trend, Along With Tron (TRX), by Recording Highest Inflows After Bitcoin (BTC): Report
DOT 2.25% Polkadot / USD DOTUSD $ 10.25
$0.232.25%
Volume 652.26 m Change $0.23 Open $10.25 Circulating 987.58 m Market Cap 10.12 b
5 mon Bitcoin and Ether Breaks Trend With Outflows While Altcoins Continue to See Inflows 5 mon SBI Holdings to Launch Japan’s First Crypto Fund; Including BTC, ETH, DOT, LINK, LTC, XRP & BCH 5 mon Solana Unaffected by Price Jitters while Bitcoin, Ether, Polkadot, and Cardano Post Outflows
XRP -0.03% XRP / USD XRPUSD $ 0.41
$0.00-0.03%
Volume 1.4 b Change $0.00 Open $0.41 Circulating 48.34 b Market Cap 19.87 b
5 mon Bitcoin and Ether Breaks Trend With Outflows While Altcoins Continue to See Inflows 5 mon SBI Holdings to Launch Japan’s First Crypto Fund; Including BTC, ETH, DOT, LINK, LTC, XRP & BCH 5 mon Ledger Announces Integration with FTX and Coinbase, Launching Crypto Life Debit Card

Compared to Bitcoin’s $40.6 bln AUM, Ethereum has $17.45 bln.

Multi-asset investment products have the third-largest AUM at $3.5 bln, and among other altcoins, Binance leads with $540 mln, followed by Cardano at $98 mln, and Ripple at $82 mln.

In terms of digital asset managers, Grayscale has had zero weekly flows but nearly $2.4 bln YTD flows, the highest of any other, followed by Purpose's $1 bln YTD. The largest digital asset manager also leads in the AUM by a wide margin at $46.26 bln, with the next one CoinShares XBT, not even coming close at $4.7 bln.

In terms of weekly flow, the ETC Group had the largest at $69.7 mln, followed by 21Shares at $29.8 mln.

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