Digital asset investment funds saw minor inflows last week totalling $30m, as recent macroeconomic data implied the US Federal Reserve is less likely to cut interest rates by 50 basis points in September, according to CoinShares.
The firm’s latest Digital Asset Fund Flows Weekly Report reveals that ether saw only $4.2m, inflows last week, although this masked a flurry of activity between providers.
Solana meanwhile saw outflows of $439m, the largest on record, as it faced a sharp decline in trading volumes of memecoins, on which it heavily relies.
