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 <p>Digital assets manager CoinShares says institutional crypto products saw heavy in<a rel="noopener noreferrer nofollow" title="flows" href="https://thebittimes.com/tag/flows.html">flows</a> across the board last week for the eighth consecutive week.</p>
 <p>In its latest Digital Asset Fund Flows report, CoinShares&nbsp;finds that institutional investors are continuing to up their allocations to crypto with Solana (SOL) investment products leading the way for altcoins.</p>
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 <p><em>“Digital asset investment products saw in<a rel="noopener noreferrer nofollow" title="flows" href="https://thebittimes.com/tag/flows.html">flows</a> totaling US $176 million last week in a continuation of consecutive weekly in<a rel="noopener noreferrer nofollow" title="flows" href="https://thebittimes.com/tag/flows.html">flows</a> that has now lasted 8 weeks, bringing year-to-date in<a rel="noopener noreferrer nofollow" title="flows" href="https://thebittimes.com/tag/flows.html">flows</a> to US $1.32 billion.”</em></p>
 <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/2023/11/21/fb9c4cdb503452a07b611e396a7cb5a6.png" alt="" width="1063" height="499">
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   Source: CoinShares
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 <p>CoinShares also puts the yearly in<a rel="noopener noreferrer nofollow" title="flows" href="https://thebittimes.com/tag/flows.html">flows</a> into perspective, comparing in<a rel="noopener noreferrer nofollow" title="flows" href="https://thebittimes.com/tag/flows.html">flows</a> to previous years.</p>
 <p><em>“However, the in<a rel="noopener noreferrer nofollow" title="flows" href="https://thebittimes.com/tag/flows.html">flows</a> remain well behind 2021 and 2020, which saw US $10.7 billion and US $6.6 billion respectively.”</em></p>
 <p>According to CoinShares, much of the trading volume surge in crypto can be traced to exchange-traded product (ETP) investors.</p>
 <p><em>“Trading volumes in ETPs have averaged US $3 billion per week, double this year’s average of US $1.5 billion. Interestingly, ETP share of total crypto volumes is rising, averaging 11% compared to the long-term historical average of 3.4%, and well above the averages seen in the 2020/21 bull market.”</em></p>
 <p>King crypto Bitcoin (BTC) led the way with $154.7 million of in<a rel="noopener noreferrer nofollow" title="flows" href="https://thebittimes.com/tag/flows.html">flows</a>. Solana products raked in $13.6 million as interest in the Ethereum (ETH) competitor continues to grow. Ethereum enjoyed $3.3 million in in<a rel="noopener noreferrer nofollow" title="flows" href="https://thebittimes.com/tag/flows.html">flows</a>, while Litecoin (LTC), Cardano (ADA) and XRP products brought in less than a million apiece.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/solana-sol-leads-institutional-altcoin-investments-as-crypto-markets-see-eight-straight-weeks-of-inflows-coinshares-tbt70984.html">https://thebittimes.com/solana-sol-leads-institutional-altcoin-investments-as-crypto-markets-see-eight-straight-weeks-of-inflows-coinshares-tbt70984.html</a></p>

Solana (SOL) Leads Institutional Altcoin Investments As Crypto Markets See Eight Straight Weeks of Inflows: CoinShares

TheBitTimes

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