Solana an investor favorite as July registers strongest crypto inflows year-to-date: report PlatoBlockchain Data Intelligence. Vertical Search. Ai.

Solana an investor favorite as July registers strongest crypto inflows year-to-date: report

Time Stamp: August 2, 2022 6:08 AM

Crypto investments totaled US$474 million in July, mostly reversing outflows of US$481 million in June, even as Solana (SOL) witnessed year-to-date inflows of US$114 million, a report by Coinshares said.

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Fast facts

  • Inflows to digital asset investment products totaled US$81 million last week, marking the fifth consecutive week of inflows, totaling US$530 million over the five-week period, James Butterfill, head of research for CoinShares said in a blog post.
  • Bitcoin saw inflows totalling US$85 million while US$2.6 million were withdrawn from Bitcoin shorts for the first time in five weeks.
  • North America led inflows, with US$15 million and US$67 million coming from the US and Canada.
  • Solana remains an investor favorite this year, with inflows totaling US$1.5 million and year-to-date inflows totaling US$114 million.

See related article: ETH crosses Bitcoin in options market for first time in history 

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