Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ALTCOIN NEWS»Solana, Memecoin see record-high institutional outflows amid slowing trading volumes: CoinShares
ALTCOIN NEWS

Solana, Memecoin see record-high institutional outflows amid slowing trading volumes: CoinShares

By Crypto FlexsAugust 19, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Solana, Memecoin see record-high institutional outflows amid slowing trading volumes: CoinShares
Share
Facebook Twitter LinkedIn Pinterest Email

Digital asset manager CoinShares said last week that institutional cryptocurrency investors were pouring only a small amount of capital into digital asset investment products.

CoinShares said in its latest Digital Asset Fund Flows report that Ethereum (ETH) competitor Solana’s (SOL) institutional crypto investment product saw record outflows last week amid fading interest in Mimecoin.

“Solana saw its largest outflow on record, $39 million, as trading volumes in the heavily reliant Mimecoin dropped sharply.”

Source: CoinShares

According to CoinShares, last week saw a massive drop in trading volumes for institutional investment products due to changing expectations about the Federal Reserve’s next move.

“Trading volume in investment products fell nearly 50% from the previous week to $7.6 billion, as recent macroeconomic data suggested the Fed was less likely to cut rates by 50 basis points in September.”

By region, the Americas, including the United States, Canada and Brazil, brought in $78.4 million, while Switzerland and Hong Kong brought in a combined $44 million in outflows.

Bitcoin (BTC), the leading cryptocurrency by market cap, led the pack with the most inflows at $42 million.

ETH and XRP products attracted $4.2 million and $200,000 respectively, while multi-asset investment products saw an inflow of $21 million.

Don’t miss out – subscribe to receive email notifications straight to your inbox

Price check task

Follow us XFacebook and Telegram

Surfing the Daily Hodl Mix

&nbsp

Disclaimer: The opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investment in Bitcoin, cryptocurrencies or digital assets. Your transfers and transactions are at your own risk and any losses you may incur are your own responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets and The Daily Hodl is not an investment advisor. The Daily Hodl participates in affiliate marketing.

Featured image: Shutterstock/tykcartoon/WhiteBarbie

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Shib or PEPE: What memes coins are cut to the top 10 first?

July 17, 2025

The PBK Miner uses XRP mining to start a stable and efficient income method to easily earn $ 18,000 a day.

July 10, 2025

The market will select US regulatory stable coins more than CBDCS every day of CBDCS every day.

July 3, 2025
Add A Comment

Comments are closed.

Recent Posts

MultiBank Group’s $MBG Token TGE Is Live On MexC, Gate.io, Uniswap And Multibank.io.

July 22, 2025

Ark Invest sells coinbase stocks and invests in BitMine.

July 22, 2025

Altcoin benefits of capital rotation

July 22, 2025

KAITO unveils Capital Launchpad, a Web3 crowdfunding platform that will be released later this week.

July 22, 2025

CARV Advances AI Beings Roadmap With Hackathon And 12+ Ecosystem Partnerships

July 22, 2025

POLYMARKET will re -enter the United States after the acquisition of QCEX $ 112 million.

July 22, 2025

FTT increases by 7% as the backpack starts the platform to help victims clear liquidation.

July 21, 2025

Monarq Asset Management Appoints Sam Gaer As CIO To Lead Directional Strategy

July 21, 2025

Little PEPE surpasses $ 4 million in pre -sales, emerging as one of the main memes in 2025.

July 21, 2025

Bitcoin Price $ 123K Explosion -Trader Brace for Brake Out

July 20, 2025

Ether Lee Rium breaks $ 3K with 7,200% of the virus L2 coin eyes.

July 20, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

MultiBank Group’s $MBG Token TGE Is Live On MexC, Gate.io, Uniswap And Multibank.io.

July 22, 2025

Ark Invest sells coinbase stocks and invests in BitMine.

July 22, 2025

Altcoin benefits of capital rotation

July 22, 2025
Most Popular

Trump PARDONS BITMEX Crypto Exchange

March 29, 2025

Let’s take a look at how the DeFi derivatives market could explode, according to dYdX Foundation CEO.

December 13, 2023

Liminal Custody Strengthens Leadership in Digital Asset Management by Securing Core ADGM FSP License

May 14, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.