Outflows from Ethereum-based investment products persistently decline for the fourth consecutive week.

Crypto investment products based on Ethereum experienced negative outflows for the fourth straight week, despite positive inflows into other crypto-based investment products, according to a report by CoinShares. In contrast to Ethereum, other top altcoins saw positive inflows. Litecoin recorded $4.4 million in weekly inflows, followed by Solana with $4 million and Filecoin with $1.4 million. The price of Ether (ETH) increased by 6.8% in a 24-hour period, reaching $3,625. However, it is down 8.2% over the past month. Solana, often referred to as an “Ethereum killer,” has been outperforming Ether, with its token rising 24% in the past month. CoinShares also reported that despite $646 million in weekly inflows into digital asset investment products, investor interest in exchange-traded funds (ETFs) may be declining. Bitcoin ETFs have accumulated over 834,000 Bitcoin, worth $60.4 billion, since their approval in January. Short Bitcoin investment products saw outflows for the third consecutive week, totaling $9.5 million, indicating a decline in bearish investor sentiment.