{"id":630979,"date":"2024-07-23T05:00:01","date_gmt":"2024-07-23T05:00:01","guid":{"rendered":"https:\/\/wncen.com\/?p=630979"},"modified":"2024-07-22T16:05:07","modified_gmt":"2024-07-22T16:05:07","slug":"ethereum-eclipses-solana-in-2024-inflows-amid-hype-for-upcoming-etf-launch","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-eclipses-solana-in-2024-inflows-amid-hype-for-upcoming-etf-launch\/","title":{"rendered":"Ethereum Eclipses Solana In 2024 Inflows Amid Hype For Upcoming ETF Launch"},"content":{"rendered":"
According to a recent report from CoinShares, Ethereum (ETH) saw an uptick in inflows last week, surpassing Solana’s (SOL) inflows for 2024, coinciding with the impending launch of <\/span>exchange-traded funds<\/span><\/a> (ETFs) that will allow regulated investment in the US for the second-largest cryptocurrency by market capitalization.\u00a0<\/span><\/p>\n The <\/span>report <\/span><\/a>highlights Ethereum’s strong momentum recorded over the past month, with inflows reaching $45 million last week, amounting to the year for over $103 million, outpacing Solana’s inflows year-to-date (YTD).\u00a0<\/span><\/p>\n Solana, however, also witnessed inflows of $9.6 million during the same period, resulting in a YTD total of $71 million, which lags behind Ethereum’s <\/span>inflows<\/span><\/a>. Among other altcoins, Litecoin was the only one to receive inflows exceeding $1 million, with $2.2 million recorded last week.<\/span><\/p>\nETH Dominates Inflows<\/span><\/h2>\n