Solana (SOL) Leads Institutional Altcoin Investments As Crypto Markets See Eight Straight Weeks of Inflows: CoinShares
Digital assets manager CoinShares says institutional crypto products saw heavy in flows across the board last week for the eighth consecutive week. In its latest Digital Asset Fund Flows report, CoinShares finds that institutional investors are continuing to up their allocations to crypto with Solana (SOL) investment products leading the way for altcoins. “Digital asset investment products saw in flows totaling US $176 million last week in a continuation of consecutive weekly in flows that has now lasted 8 weeks, bringing year-to-date in flows to US $1.32 billion.” Source: CoinShares CoinShares also puts the yearly in flows into perspective, comparing in flows to previous years. “However, the in flows remain well behind 2021 and 2020, which saw US $10.7 billion and US $6.6 billion respectively.” According to CoinShares, much of the trading volume surge in crypto can be traced to exchange-traded product (ETP) investors. “Tra...