Institutional Investors Are Buying XRP And Solana At An Accelerated Rate Whil...
Institutional investors are significantly accumulating XRP and Solana while offloading their Bitcoin holdings. This comes amid the launch of the new altcoin ETFs in the United States (U.S.), which provide spot exposure to these coins. Institutions Buy XRP And Solana While Dumping Bitcoin A CoinShares report showed that institutional investors bought XRP and Solana while […]
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Institutional capital is circling back to Solana (SOL) as Spot Exchange Traded Funds (ETFs) open the gates to a new wave of inflows. Solana’s resurgence has caught the attention of the broader crypto community, recording consistent daily inflows and experiencing momentum it has not seen in months. The question now remains whether this steady buildup of institutional accumulation could eventually propel SOL’s price toward the $300 mark. Solana Records 11 Days Of Consecutive ETF Inflows The Solana price is currently hovering above $156, roughly half of its ATH of just over $294 set in....
Institutional investors are ramping up their exposure to digital assets following the US Federal Reserve’s recent rate cut. The latest CoinShares Digital Asset Fund Flows Weekly Report shows inflows of $1.9 billion into digital asset investment products last week, marking the second consecutive week of strong buying activity. It isn’t surprising that Bitcoin and Ethereum […]
Solana (SOL) has seen a “dramatic increase in allocations” from institutional investors, according to a recent survey conducted by CoinShares. The Digital Asset Fund Manager Survey, involving responses from 64 investors managing a cumulative $600 billion in assets, points to a burgeoning interest in altcoins, with Solana leading the charge among emerging favorites. Solana See […]
US Spot Bitcoin and Ethereum ETFs finally broke their six-day losing streak on November 6, posting their first day of net inflows after nearly a week of continuous capital outflows. Data from SoSoValue shows that Bitcoin ETFs drew $240.03 million in new investments over the past 24 hours, while Ethereum ETFs gained $12.51 million. Solana ETFs, meanwhile, continued to show remarkable consistency, bringing in $29.22 million in daily inflows. That figure extended Solana’s winning streak to eight consecutive days of positive capital movement, even as other major digital-asset ETFs struggled to....
Bitcoin and Ethereum have always been at the forefront for institutional investors. This is with good reasons too as not only are these the largest cryptocurrencies by market cap, but they are also the most popular with the best prospects. As time has gone on though, competition has become stiffer for the attention of institutional investors. The rise of other altcoins has put forward some formidable contenders for these two cryptocurrencies. Now, institutional investors are now moving away from the big two and pouring money into other altcoins, taking a completely bearish stance on....