The outflow from cryptocurrency investment products from March 6 to April 12 totaled $126 million, including Ethereum funds ($28.7 million). These figures were provided by analysts at CoinShares.

In the previous two weeks, there was a cumulative inflow of $646 million and $862 million. Experts attributed the reversal of the trend to “market participants’ uncertainty” against the backdrop of a rally pause.

In Ethereum funds, the outflow increased from $22.5 million to $28.7 million. The negative trend continued for the fifth week in a row.

Clients withdrew $110 million from Bitcoin-related instruments, compared to an inflow of $663 million in the previous reporting period.

Investors put $1.7 million into structures that allow shorting the first cryptocurrency. Previously, there was an outflow of $9.5 million.

There was interest in “esoteric names” like MANA, BAT, and LIDO in altcoins. Funds based on them attracted $4.9 million, $2.9 million, and $1.8 million, respectively.

Products based on Solana lost $3.6 million after an inflow of $4 million weeks earlier.

Earlier, Solana developers updated the software in efforts to combat blockchain congestion leading to transaction delays.

Since the beginning of the year, 49.3% of global investor interest in blockchain ecosystems has been on this blockchain, according to CoinGecko.

According to Bernstein’s forecast, the network is “leading the charge” for on-chain payments adoption. Colosseum co-founder and former head of growth at Solana Foundation, Matt Taylor, believes the blockchain will outpace Ethereum in the number of consumer Web3 applications.

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