##  [# Solana Tops Digital Asset Fund Flows](/sections/bitcoin-crypto/solana-tops-digital-asset-fund-flows) 

 

# Solana Tops Digital Asset Fund Flows

 

 

First inflows totaling US$21 million following a six-week run of outflows.



 

 

 

 

 [![JamesButterfill310x310](/sites/default/files/styles/author_image_icon/public/2023-08/JamesButterfill310x310.png?itok=uNqgiAyR)](/contributors/james-butterfill) 

[By James Butterfill](/contributors/james-butterfill)

 Aug 23, 2021

 Edited by: James Butterfill

 

 

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**Takeaways**

- Positive price action in recent weeks has now pushed total assets under management (AuM) to US$57.3bn, the highest since mid-May.
- Solana, a competitor to Ethereum, saw the largest inflows of any digital asset last week totalling US$7.1m.
- Ethereum saw minor inflows totalling US$3.2m last week along with other altcoins such as Cardano, Litecoin and Polkadot which saw inflows of US$6.4m, US$1.8m and US$1.1m respectively.

![Weekly Crypto Asset Flows](/sites/default/files/images/fig1_Solana_Weekly_Crypto.jpg)

![Weekly Crypto Asset Flows](/sites/default/files/images/fig2_Solana_Flows_Provider.jpg)

![Weekly Crypto Asset Flows](/sites/default/files/images/fig3_Solana_Flows_Asset.jpg)

Digital asset investment products saw net inflows of US$21m, the first following 6 straight weeks of outflows, indicating an improved investor sentiment. Positive price action in recent weeks has now pushed total assets under management (AuM) to US$57.3bn, the highest since mid-May.

Flows across product providers remained mixed, with some continuing to post outflows for the week while others in both North America and Europe posted inflows. We believe this indicates the beginning of a turn in sentiment for digital assets.

Solana, a competitor to Ethereum offering a flexible infrastructure and faster transaction settlement, saw the largest inflows of any digital asset last week totalling US$7.1m.

Ethereum saw minor inflows totalling US$3.2m last week along with other altcoins such as Cardano, Litecoin and Polkadot which saw inflows of US$6.4m, US$1.8m and US$1.1m respectively.

[Bitcoin ](https://www.etf.com/bitcoin-crypto/reports/BTC)saw its 7th straight week of outflows totalling US$2.8m, matching the run seen in January 2018. While this may suggest sentiment remains negative, it masks very mixed flows across providers.

[![Pop-up Image](/sites/default/files/images/fig4_Solana_Weekly_Crypto.jpg)](/sites/default/files/images/fig4_Solana_Weekly_Crypto_b.jpg)

(For a larger view, click on the image above)



[![Pop-up Image](/sites/default/files/images/fig5_Solana_Weekly_Crypto.jpg)](/sites/default/files/images/fig5_Solana_Weekly_Crypto_b.jpg)

(For a larger view, click on the image above)



[![Pop-up Image](/sites/default/files/images/fig6_Solana_New_Assets.jpg)](/sites/default/files/images/fig6_Solana_New_Assets_b.jpg)

(For a larger view, click on the image above)



[![Pop-up Image](/sites/default/files/images/fig7_Solana_Flows_Percentage.jpg)](/sites/default/files/images/fig7_Solana_Flows_Percentage_b.jpg)

(For a larger view, click on the image above)



[![Pop-up Image](/sites/default/files/images/fig8_Solana_Assets_Institution.jpg)](/sites/default/files/images/fig8_Solana_Assets_Institution_b.jpg)

(For a larger view, click on the image above)



[![Pop-up Image](/sites/default/files/images/fig9_Solana_Mutual_Turnover.jpg)](/sites/default/files/images/fig9_Solana_Mutual_Turnover_b.jpg)

(For a larger view, click on the image above)



*Contact James Butterfill at [research@coinshares.com](mailto:research@coinshares.com "Follow link")*



 

 

 [ James Butterfill Head of Research and Investment Strategy ](/contributors/james-butterfill) 

 

 

  James Butterfill has over 19 years of experience in fund management, investment banking, economics and asset allocation, gained most recently as an…   [View Bio](/contributors/james-butterfill)

 



 

 


 Related Topics  [Bitcoin](http://www.etf.com/topics/bitcoin) 

 [Crypto](http://www.etf.com/topics/cryptocurrency) 

 [Blockchain](http://www.etf.com/topics/blockchain)