Solana

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<p>The post <a rel="nofollow" href="https://coinpedia.org/news/coinshares-report-bitcoin-and-solana-attract-millions-from-institutional-investors/">Bitcoin and Solana Soar as Investors Bet Big, Pour In Millions</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The latest report reveals that institutional investors have shifted their focus towards digital assets, with millions of dollars poured into Bitcoin and Solana. A recent CoinShares report uncovers this growing trend, which has ignited a 3.37% surge in Bitcoin’s price and an impressive 6.2% rise in Solana.</p> 
<h2 class="wp-block-heading" id="strong-excitement-surrounds-spot-bitcoin-etf-driving-inflows-strong"><strong>Excitement Surrounds Spot Bitcoin ETF, Driving Inflows</strong></h2> 
<p>A recent <a href="https://blog.coinshares.com/volume-154-digital-asset-fund-flows-weekly-report-8047e8013369">report</a> from CoinShares has brought exciting news about the consistent inflows into digital asset investment products. The sector has seen a substantial influx of approximately $66 million in four consecutive weeks.&nbsp;</p> 
<p>These investments have significantly contributed to the total Assets under Management (AuM), which now stand at an impressive $33 billion. 84% of these investments have been directed toward Bitcoin products, pushing the year-to-date investments to $315 million.&nbsp;</p> 
<p>The primary <a href="https://coinpedia.org/crypto-live-news/grayscale-makes-new-filing-to-convert-gbtc-into-bitcoin-etf-with-sec/">factor behind</a> this influx has been the anticipation surrounding the launch of a spot Bitcoin Exchange-Traded Fund (ETF) in the United States.</p> 
<h3 class="wp-block-heading" id="strong-solana-on-the-rise-as-investors-flock-away-from-bitcoin-strong"><strong>Solana on the Rise As Investors Flock Away from Bitcoin</strong></h3> 
<p>Meanwhile, investors are becoming more selective in their choices, focusing on solid fundamentals over hype. Solana has stood out; it’s been on a consistent upward trajectory throughout 2023, solidifying its position as one of this year’s favored altcoins.&nbsp;</p> 
<p>In the past week alone, it attracted an influx of $15.5 million, contributing to a remarkable year-to-date total of $74 million. This accounts for 47% of the total assets under management in the crypto market.</p> 
<h2 class="wp-block-heading" id="h-ethereum-faces-concerns-in-latest-crypto-report"><strong>Ethereum Faces Concerns in Latest Crypto Report</strong></h2> 
<p>The report also <a href="https://blog.coinshares.com/volume-154-digital-asset-fund-flows-weekly-report-8047e8013369">highlights concerns</a> surrounding Ethereum, leading to outflows of $7.4 million. Conversely, Solana emerges as a standout performer in the world of altcoins.&nbsp;</p> 
<p>Solana’s consistent performance throughout 2023 solidifies its position as one of this year’s favored altcoins.</p>

Bitcoin and Solana Soar as Investors Bet Big, Pour In Millions

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