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Digital assets manager CoinShares says that institutional crypto investors poured only minor inflows of capital into digital asset investment products last week. In its latest Digital Asset Fund Flows report, CoinShares says that Ethereum (ETH) competitor Solana (SOL) institutional crypto investment products saw record outflows last week amid an apparent loss of interest in memecoins. “Solana saw outflows of US$39m, the largest on record, as it faced a sharp decline in trading volumes of memecoins, on which it heavily relies.” Source: CoinShares According to CoinShares, last week marked a huge drop in trading volumes for institutional investment products due to a change in expectations of the Federal Reserve’s next move. “Weekly trading volumes on investment products fell to nearly 50% of the week prior at US$7.6bn, as recent macroeconomic data implied the FED were less likely to cut interest rates by 50 basis points in September.” ...

Solana slid into the outflow column this week as Bitcoin’s outflows streak continued. Cryptocurrency asset outflows for the week of Sep. 3 through 9 totalled $59.3 million, bringing the current run to $249 million over four consecutive weeks.  Bitcoin experienced the bulk of activity last week, with its $68.9 million in outflows offset by Short Bitcoin inflows in the amount of $15.2 million and $0.7 million from XRP. According to CoinShares, regulatory and financial markets insecurity are to blame for the streak: “We believe continued worries over regulation of the asset class and recent dollar strength are the most likely reasons for this. Trading volumes also dropped significantly, by 73% in comparison to the prior week to just $754 million for the week.” Last week also brought an end to Solana’s recent run. After nine weeks of in flows totalling $14.1 million and prompting CoinShares to suggest that it was “the most loved altcoin amongst investors,” Solana saw $1.1 million in outf...