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 Digital assets manager CoinShares says XRP, Solana (SOL)&nbsp;and another Ethereum (ETH) rival are being favored by institutional investors in 2023 so far.
 In its latest Digital Asset Fund Flows report, CoinShares finds that institutional investors have poured more money into Solana, XRP and Cardano (ADA) this year than any other altcoin, including ETH.
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 After weekly in<a rel="noopener noreferrer nofollow" title="flows" href="https://thebittimes.com/tag/flows.html">flows</a> of $3.7 million for SOL and $0.4 million for XRP (ADA had no recorded in<a rel="noopener noreferrer nofollow" title="flows" href="https://thebittimes.com/tag/flows.html">flows</a>) last week, the three altcoins lead all non-ETH altcoins with $59 million, $15 million, and $6 million in in<a rel="noopener noreferrer nofollow" title="flows" href="https://thebittimes.com/tag/flows.html">flows</a>, year-to-date, respectively.
 Over the same period, Bitcoin (BTC) has raked in $260 million in inflows. Ethereum is currently in the red by $111 million.
 Last week, the crypto markets enjoyed their third week of in<a rel="noopener noreferrer nofollow" title="flows" href="https://thebittimes.com/tag/flows.html">flows</a> in a row.
 “Digital asset investment products saw inflows for the 3rd consecutive week totaling $15 million, although trading volumes remain 27% below the 2023 average. 
 A regional divide persists, with continued minimal in<a rel="noopener noreferrer nofollow" title="flows" href="https://thebittimes.com/tag/flows.html">flows</a> into the US, while Europe saw net in<a rel="noopener noreferrer nofollow" title="flows" href="https://thebittimes.com/tag/flows.html">flows</a> totaling $7 million last week, Sweden being the only country to see out<a rel="noopener noreferrer nofollow" title="flows" href="https://thebittimes.com/tag/flows.html">flows</a>.”
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="wp-image-190710 size-full" src="https://cdn.thebittimes.com/images/2023/10/17/b05ba177d4f09d5be7a59fcf94e8d024.png" alt="" width="1063" height="499">
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 Source: Rekt Capital/X
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 CoinShares also notes that XRP has seen 25 weeks in a row of positive inflows from institutions.
 “Last week was not positive for altcoins in general, with Tezos, Litecoin and Chainlink seeing out<a rel="noopener noreferrer nofollow" title="flows" href="https://thebittimes.com/tag/flows.html">flows</a> totaling $0.25 million, $0.28 million, and $0.31 million respectively. XRP saw modest in<a rel="noopener noreferrer nofollow" title="flows" href="https://thebittimes.com/tag/flows.html">flows</a> amounting to $0.42 million. This marks the 25th consecutive week of in<a rel="noopener noreferrer nofollow" title="flows" href="https://thebittimes.com/tag/flows.html">flows</a> into XRP this year.&nbsp;
 The consistent in<a rel="noopener noreferrer nofollow" title="flows" href="https://thebittimes.com/tag/flows.html">flows</a> underscore the investment community’s support, especially considering successful legal challenges against the SEC.”
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/solana-xrp-and-one-ethereum-rival-leading-institutional-inflows-in-2023-coinshares-data-tbt66621.html">https://thebittimes.com/solana-xrp-and-one-ethereum-rival-leading-institutional-inflows-in-2023-coinshares-data-tbt66621.html</a>

Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

TheBitTimes

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