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Bitcoin (BTC) has experienced a notable $42 million in inflows over the past week as traditional investment providers face a decline in market share, according to the latest CoinShares Digital Asset Fund Flows weekly report published on Aug. 19. 

While Bitcoin is seeing increased investment, other cryptocurrencies have faced declines or stagnation in investor interest, reflecting a selective appetite for digital assets in the current market environment.

For instance, Solana has faced an outflow of $39 million, mostly caused by the declining “trading volumes of meme coins, on which it heavily relies.”

CoinShares also reported that the weekly trading volumes on investment products fell to nearly 50% of the week prior at $7.6 billion. This decline coincides with macroeconomic data suggesting that the Federal Reserve is less likely to cut interest rates by 50 basis points (0.50%) in its upcoming September meeting.

In addition to the general inflows into BTC, Bitcoin-related exchange-traded funds (ETFs) have also seen substantial investment. Data from SoSoValue reveals that US spot BTC ETFs experienced an impressive $36.01 million in inflows as of Aug. 16. 

Among these ETFs, Fidelity’s Wise Origin Bitcoin Fund (FBTC) and BlackRock’s iShares Bitcoin Trust (IBIT) emerged as significant beneficiaries. FBTC attracted $61.35 million, while IBIT saw $20.39 million in new investments.

Conversely, Grayscale’s Bitcoin Trust (GBTC) faced a different trend, with a notable outflow of $72.90 million. 

According to CoinMarketCap, Bitcoin is priced at $58,138.09, reflecting a 3.07% decrease over the past 24 hours. At press time, BTC’s trading volume is valued at more than $20.99 billion, after experiencing a 35.28% spike in volume in 24 hours. 

Read more: Digital asset inflows reached $1.44B last week led by US