Solana outperformed other significant altcoins in terms of money inflows from institutional investors this week, according to a statement on the X website of Weiss Crypto, a branch of the Weiss Ratings firm.
https://x.com/WeissCrypto/status/1711739229473009681?s=20
Weiss Crypto, “continuing to assert itself as the #altcoin of choice among institutions,” according to the X article, has received investments totaling $24 million.
Weiss Crypto cited information provided by CoinShares fund, a company that works with financial institutions. Solana reported seeing $24 million in fresh investments during the last week. In terms of year-to-date data, it was the biggest week for SOL since March of this year, and it totaled $55 million.
With $10.2 million coming into Ethereum, there is “tepid appetite for the launch of Ethereum futures ETFs.” The entire reported investment in bitcoin was $42.7 million. According to the CoinShares report, Cardano’s ADA received the least amount of institutional funding last week ($0.2 million).
https://x.com/CoinSharesCo/status/1711352673633505440?s=20
In light of the most recent releases of Ethereum products, Solana “continues to assert itself as the altcoin of choice,” according to a post on CoinShares’ X platform. Financial institutions last week invested a total of $78.4 million in cryptocurrency.
