---
title: "Solana Investor Sentiment Remains Battered With $3M Outflows: CoinShares"
url: https://diffcoin.com/solana-investor-sentiment-remains-battered-with-3m-outflows-coinshares/
description: "Solana is finding it difficult to regain the trust of investors following a network outage as recorded outflows of $3 million."
published: 2024-02-26
updated: 2024-02-26
author: "Mila"
site: "Diffcoin"
---

# Solana Investor Sentiment Remains Battered With $3M Outflows: CoinShares

Solana-based investment products had seen steady inflows throughout the year after intensive performance and reliability improvements.

However, investor confidence took a hit due to a network outage lasting five hours earlier this month, caused by a bug that caused transactions to enter an infinite loop, thereby impacting the network’s functionality.

## Solana’s Troubles Continue

Among altcoins, only investment products tied to Solana experienced outflows, which surged to $3 million in the past week. This latest figure nearly doubles the amount from the previous week, when Solana saw $1.6 million in outflows.

Its rival, Ethereum, on the other hand, saw inflows of $17 million.

During the same period, other altcoins, such as Chainlink and XRP, also attracted $1.8 million and $1.1 million inflows, respectively. Investment products based on Cardano and Litecoin settled with inflows of $0.4 million and $1 million, respectively.

According to CoinShares’ latest edition of Digital Asset Fund Flows Weekly Report, Bitcoin experienced inflows of $570 million last week, pushing its year-to-date inflows to $5.6 billion. However, recent price increases prompted minor inflows into short-bitcoin positions, totaling $3.9 million.

Investment products focused on digital assets saw weekly inflows reaching $598 million, according to CoinShares. This marked the fourth straight week of such inflows. As a result, the year-to-date inflows have exceeded $5.7 billion, constituting 55% of the record inflows observed in 2021.

Earlier this week, the total assets under management (AuM) reached a peak of $68.3 billion, the highest since December 2021, though still below the all-time high of $87 billion recorded in November 2021.

Meanwhile, blockchain equities had a subpar week, experiencing outflows amounting to $81 million, suggesting a degree of caution among equity investors currently.

## US Dominates Investment Inflows

In terms of regions, the spotlight remains on the US, where the majority of inflows totaled $610 million, influenced by incumbent issuer Grayscale, which witnessed additional outflows amounting to $436 million last week.

Brazil and Switzerland experienced minor inflows of $8.2 million and $2.1 million, respectively, while both Canada and Sweden saw outflows totaling $18 million and $8 million, respectively. Germany also noted a minor outflow of $0.3 million.

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[Source link](https://cryptopotato.com/solana-investor-sentiment-remains-battered-with-3m-outflows-coinshares/)