According to a recent report, Weiss Crypto, a division of Weiss Ratings agency, announced on its X page that last week Solana surpassed other major altcoins in terms of funds inflows from institutional investors. Solana has seen astounding inflows of more than $20 million this week from financial institutions.
Weiss Crypto has received $24 million in investments, “continuing to assert itself as the #altcoin of choice among institutions,” according to a post on X. Weiss Crypto made reference to information released by the CoinShares fund, which works with banks.
Weiss Crypto: Solana (SOL) Gains Big Institutional Support,Weiss Crypto: Solana (SOL) Gains Big Institutional Support
In the last week, Solana has witnessed $24 million in fresh investments, according its report. SOL had its greatest week since March of this year, and year-to-date sales had totaled $55 million.
With $10.2 million in inflows, Ethereum is seeing “tepid appetite for the launch of Ethereum futures ETFs.” As per the study, the total amount invested in Bitcoin was $42.7 million.
According to the CoinShares report, Cardano’s ADA got the least amount of institutional capital last week—$0.2 million.
According to CoinShares’ X article, Solana “continues to assert itself as the altcoin of choice, particularly in light of the recent Ethereum product launches.” Financial institutions invested a total of $78.4 million in fiat cryptocurrency last week.
Weiss Crypto: Solana (SOL) Gains Big Institutional Support,Weiss Crypto: Solana (SOL) Gains Big Institutional Support,Weiss Crypto: Solana (SOL) Gains Big Institutional Support