- Solana’s ETP inflows surged 7,600% despite a broader market downturn.
- Solana outperformed Bitcoin and Ethereum in year-to-date performance, showing significant resilience.
Despite the broader crypto market experiencing a downturn in September, some coins have demonstrated notable resilience.
While many assets struggled, certain cryptocurrencies stood out by maintaining stability or even gaining traction during this challenging period.
Solana outperforms
As highlighted in the latest CoinShares report, Solana [SOL] emerged as the top performer in the crypto investment landscape.
SOL’s Exchange-Traded Products (ETPs) saw a staggering 7,600% increase in inflows within just a week, soaring from $100,000 to $7.6 million.
This remarkable surge brings the total year-to-date inflows for Solana to $39 million, a significant recovery following the $26.7 million in outflows the asset experienced in August.
Solana vs. others
The report highlights a stark contrast in weekly flows among the top three cryptocurrencies.
Bitcoin [BTC] experienced significant outflows of $319 million, Ethereum [ETH] followed with $5.7 million in outflows, while SOL stood out with impressive inflows of $7.6 million.
Source: etp.coinshares.com
When looking at year-to-date performance, Solana has emerged as the top performer among digital assets, surpassing all others except BTC and ETH.
This positions SOL as a leading contender in the crypto market, showcasing its resilience and growing appeal to investors.
This is particularly noteworthy given that Solana ETF has yet to launch.
Other ETFs performance analyzed
Bitcoin ETFs have significantly boosted adoption since their introduction, contributing to BTC’s surge above $70,000 in March.
However, Bitcoin is currently experiencing a wave of outflows.
Ethereum ETFs, meanwhile, have faced challenges since their debut, struggling to drive ETH above $4,000.
Despite this, recent updates suggest signs of renewed inflows, hinting at potential improvements in the future.
Impact on Solana
On the price front, SOL saw a 2.02% increase in the past 24 hours, trading at $134.68.
Despite this rise, technical indicators such as the RSI and MACD point to ongoing bearish sentiment.
For Solana to shift to a bullish trend, it will need to break through the resistance level at $150.
Source: TradingView
Remarking on the same, TheoTrader said,
“I dont care what you believe, Solana will reach $400 next year & there is nothing you can do about it.”
Source: TheoTrader/X
- Solana’s ETP inflows surged 7,600% despite a broader market downturn.
- Solana outperformed Bitcoin and Ethereum in year-to-date performance, showing significant resilience.
Despite the broader crypto market experiencing a downturn in September, some coins have demonstrated notable resilience.
While many assets struggled, certain cryptocurrencies stood out by maintaining stability or even gaining traction during this challenging period.
Solana outperforms
As highlighted in the latest CoinShares report, Solana [SOL] emerged as the top performer in the crypto investment landscape.
SOL’s Exchange-Traded Products (ETPs) saw a staggering 7,600% increase in inflows within just a week, soaring from $100,000 to $7.6 million.
This remarkable surge brings the total year-to-date inflows for Solana to $39 million, a significant recovery following the $26.7 million in outflows the asset experienced in August.
Solana vs. others
The report highlights a stark contrast in weekly flows among the top three cryptocurrencies.
Bitcoin [BTC] experienced significant outflows of $319 million, Ethereum [ETH] followed with $5.7 million in outflows, while SOL stood out with impressive inflows of $7.6 million.
Source: etp.coinshares.com
When looking at year-to-date performance, Solana has emerged as the top performer among digital assets, surpassing all others except BTC and ETH.
This positions SOL as a leading contender in the crypto market, showcasing its resilience and growing appeal to investors.
This is particularly noteworthy given that Solana ETF has yet to launch.
Other ETFs performance analyzed
Bitcoin ETFs have significantly boosted adoption since their introduction, contributing to BTC’s surge above $70,000 in March.
However, Bitcoin is currently experiencing a wave of outflows.
Ethereum ETFs, meanwhile, have faced challenges since their debut, struggling to drive ETH above $4,000.
Despite this, recent updates suggest signs of renewed inflows, hinting at potential improvements in the future.
Impact on Solana
On the price front, SOL saw a 2.02% increase in the past 24 hours, trading at $134.68.
Despite this rise, technical indicators such as the RSI and MACD point to ongoing bearish sentiment.
For Solana to shift to a bullish trend, it will need to break through the resistance level at $150.
Source: TradingView
Remarking on the same, TheoTrader said,
“I dont care what you believe, Solana will reach $400 next year & there is nothing you can do about it.”
Source: TheoTrader/X
order cheap clomiphene without prescription how can i get cheap clomid pill can i get clomiphene prices cost cheap clomid prices generic clomiphene price clomiphene or nolvadex for pct get cheap clomiphene without insurance
I’ll certainly carry back to be familiar with more.
The thoroughness in this draft is noteworthy.
buy generic zithromax online – purchase sumycin flagyl online order
buy semaglutide 14mg online cheap – purchase cyproheptadine sale order periactin sale
domperidone over the counter – brand flexeril 15mg cyclobenzaprine online buy
buy amoxiclav generic – atbioinfo buy ampicillin online
buy esomeprazole medication – https://anexamate.com/ order esomeprazole 20mg pills
buy warfarin 5mg generic – blood thinner buy generic losartan 50mg
meloxicam 15mg us – tenderness meloxicam 7.5mg cost
deltasone medication – https://apreplson.com/ buy generic prednisone 10mg
where can i buy ed pills – https://fastedtotake.com/ buy erectile dysfunction drugs
amoxicillin where to buy – https://combamoxi.com/ order generic amoxicillin
diflucan 200mg for sale – https://gpdifluca.com/# order fluconazole 200mg online
cenforce 50mg pill – order cenforce 100mg generic order generic cenforce 50mg
best place to get cialis without pesricption – this difference between sildenafil tadalafil and vardenafil
ranitidine 150mg oral – online cost ranitidine
viagra sale women – https://strongvpls.com/# cheap viagra no prescription canada
This is the kind of scribble literary works I positively appreciate. cialis que es
I couldn’t hold back commenting. Warmly written! https://buyfastonl.com/gabapentin.html
Thanks for sharing. It’s outstrip quality. https://ursxdol.com/provigil-gn-pill-cnt/
Good blog you procure here.. It’s obdurate to on strong calibre belles-lettres like yours these days. I truly appreciate individuals like you! Withstand guardianship!! https://prohnrg.com/
This website exceedingly has all of the low-down and facts I needed about this participant and didn’t comprehend who to ask. acheter du sibelium