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A recent survey by CoinShares has highlighted a significant trend shift among institutional investors, with a marked increase in investments in Solana (SOL). The survey, which included 64 investors managing a combined $600 billion in assets, showed that nearly 15% of respondents now hold Solana, a striking rise from earlier in the year when there were no reported institutional investments in the altcoin.
While Bitcoin and Ethereum remain dominant in institutional portfolios, Solana’s growing appeal is evident, with around 14% of investors optimistic about its growth prospects, a rise from 12% in the previous survey. This burgeoning interest aligns with Solana’s technological progress and expanding market footprint. Overall, digital assets now constitute 3% of the average investment portfolio, the highest since the inception of the survey in 2021, boosted by the advent of US spot Bitcoin ETFs which have simplified Bitcoin access for institutions.