📈 Bitcoin Fund Inflows Offset Largest Outflows on Record of $SOL .
During the week of August 17, 2024, digital asset investment vehicles saw net inflows of $30 million, led by the US with $62 million in inflows.
Bitcoin $BTC recorded $42 million in inflows, reflecting confidence in its future appreciation. However, Solana $SOL suffered its largest outflow on record at $39 million, attributed to a slowdown in its meme market. Despite a challenging environment, institutional interest in digital assets remains strong, with large inflows into Bitcoin funds. Meanwhile, Ethereum has fallen 26% since the launch of its US ETFs, due to macroeconomic fears and lower risk appetite.