Solana Outflows Surge To ATH Of $39 Million Last Week

Author: Nidhi Kolhapur

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

Aug 19, 2024 18:30

Solana (SOL) outflows have surged to an all-time high of $39 million last week. Overall, digital asset investment products saw minor inflows totaling $30 million last week. Amid the Solana outflows, the uncertainty surrounding SOL ETF prospects has added to the negative sentiment. Recently, VanEck and 21Shares’ SOL ETF filings were removed from the CBOE website. This move sparked concerns about the regulatory approval and future of these investment products. , Nate Geraci, President of ETF Store, also confirmed the removal of the ETF filings.