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Solana represents up to 86.6% of the weekly inflow into crypto investment products

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Solana and institutional interest
Source: Shutterstock.com/Natchapol18

Institutional traders currently Solana is mainly interested, while demand for ETH and BTC is leveling off. SOL investment products accounted for a huge 86.6% of the total inflow into crypto investment products last week.

According to CoinShares Digital Asset Fund Flows Weekly recorded Solana’s investment products between September 6 and 10 an inflow of $ 49.4 million. The combined total inflow of cryptoinvestment products was $ 57 million per week. SOL noted year-on-year increase by 275%, which represents 86.6% of the total inflow.

The growing interest in Solana products coincided with that SOL price increased by 36% in the same period. Digital asset products have been growing for the fourth week in a row, with demand for altcoins significantly outweighing BTC products. They recorded a minimal influx, only $ 200,000.

Solana represents up to 86.6% of the weekly inflow into crypto investment products
source: CoinShares

Solana leads the altcoins

The inflow was also partially offset by institutional investors. They reduced their exposure to ETH worth $ 6.3 million as the price of the asset fell 10% during the week.

Cardano expected the introduction of smart contracts on 13 September. Nevertheless, the institutional flows following the ADA decreased by 46% compared to the previous week.

According to CoinShares estimates, institutional asset managers currently represent a total AUM of $ 56.3 billion combined. This represents a decrease of 9% compared to the previous week. Grayscale remained dominant, accounting for 74% of AUM at $ 41.8 billion.

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All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

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