Solana

<ul><li>With $66M inflows in 4 weeks, Solana surpasses altcoins, reaching $179M monthly and increasing AuM by 15% to $33B since September.</li><li>Despite ETF buzz, Bitcoin&#39;s investment inflow shows restraint, highlighting investor caution and strategy recalibration in market shifts.</li><li>Solana raised $15.5 million, outperforming ETH and LTC, thanks to increased momentum and improved market perception by investors.</li></ul><a href="https://cryptotale.org/?s&#61;Solana&#43;%28SOL%29" rel="noopener noreferrer nofollow">Solana (SOL)</a> has surged forward, outpacing its altcoin counterparts in investment inflows. According to the latest update from CoinShares on October 23, digital asset investment products have experienced a sustained influx of capital for the fourth consecutive week. The total inflow reached a notable $66 million, cumulatively amounting to $179 million over the last month.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/a0c41362594d41859032b8015046a9a3.png" />Significantly, this financial momentum has catalyzed a 15% increase in total Assets under Management (AuM). They have rebounded from their early September lows, now nearly $33 billion. This figure represents the peak since mid-August, showcasing a robust recovery in the market.However, Bitcoin (BTC) was overshadowed in this wave of investment enthusiasm. While the prospect of a spot <a href="https://cryptotale.org/crypto-buzz-gbtc-awaits-sec-decision-on-bitcoin-etf-transformation/" rel="noopener noreferrer nofollow">Bitcoin ETF</a> launch in the US has generated buzz, the inflows into Bitcoin have been comparatively modest. They fall short of the robust response observed following Blackrock’s<a href="https://www.reuters.com/business/finance/blackrock-close-filing-bitcoin-etf-coindesk-2023-06-15/" rel="noopener noreferrer nofollow"> announcement</a> in June, wherein a four-week influx totaled $807 million.Read full article at<a href="https://cryptotale.org/solana-outperforms-amid-altcoin-resurgence-and-bitcoins-cautious-trends/" rel="noopener noreferrer nofollow"> CryptoTale.</a>

Solana Outperforms Amid Altcoin Resurgence and Bitcoin's Cautious Trends

CryptoTale

Other articles published on Oct 24, 2023

Breaking: SEC Charges BlackRock Over False Investment Data

Dogecoin Co-creator’s 3 Favorite Cryptos for Bitcoin’s Trillion-Dollar Surge

AI’s Role in Empowering Patients in Healthcare

Breaking: BlockFi Emerges from Bankruptcy, Reveals Withdrawal Plans

Nvidia’s Humanitarian Initiatives Amidst Escalating Conflict

Dubai to Increase Adoption Rate of NFTs Plans Educating for Web3 Technology

Join our free newsletter for daily crypto updates!