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Institutional Investors Are Loading Up Their Portfolio In Solana – Exclusive.

Institutional investors are loading up their portfolio in Solana [SOL], with one-third of inflows to cryptocurrency investment products being invested in instruments tracking Solana this past week.

In line with an official analysis share by CoinShares’, “Digital Asset Fund Flows Weekly” report, $7.1 Mln flowed into Solana investment products between 15th Aug. and Friday.

While the worth of SOL gained a meager 1.4% on spot markets over an equivalent period, SOL has gained 110% from $35.58 USD since the beginning of August to trade for $75 USD as at the reporting time.

CoinShares’ report reveals that institutional cryptocurrency investment products bucked a six-week trend of outflows, with roughly $21 Mln flowing into the world this past week.

Products tracking Cardano [ADA] were second-most popular for the week, with inflows totaling $6.4 Mln. Institutions also invested $3.2 Mln into products tracking Ethereum [ETH], $1.8 Mln into Litecoin [LTC], and $1.1 Mln into Polkadot’s DOT.

Institutional Investors Are Loading Up Their Portfolio In Solana - Exclusive.

Institutional Bitcoin [BTC] products saw outflows of $2.8 Mln for the week – marking the seventh consecutive week of outflows for Bitcoin. BTC shed 6% over the past 24 hrs.

The report outlined that the worth of AUM [Assets under Management] by crypto investment product issuers increased to $57.3 Bln as the markets rallied in the week – its highest level since peaking at around $66 Bln within the heights of the 2021 market in mid-May.

Leading institutional asset manager Grayscale represents three-quarters of the sector’s AUM with $42.6 Bln.

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