{"id":639500,"date":"2024-09-03T15:00:10","date_gmt":"2024-09-03T15:00:10","guid":{"rendered":"https:\/\/wncen.com\/?p=639500"},"modified":"2024-09-03T08:18:22","modified_gmt":"2024-09-03T08:18:22","slug":"solana-7600-surge-institutional","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/solana\/solana-7600-surge-institutional\/","title":{"rendered":"Solana Sees 7,600% Surge In Institutional Inflows, Here\u2019s Why"},"content":{"rendered":"
Solana price action might be trending downwards, but institutional investors are <\/span>bucking the trend<\/span><\/a>. This speck of positive Solana sentiment has come through an inflow report of digital asset investment report, with Solana coming up on top.<\/span><\/p>\n Digital asset investment products witnessed a cumulative outflow last week, especially as Bitcoin-based products failed to attract investor inflow. Particularly, data from CoinShares’s <\/span>weekly report <\/span><\/a>on digital asset fund flows noted a total outflow of $305 million last week, a vast difference from the $533 million registered in the previous week. Although the majority of outflow came through Bitcoin-based products, Solana managed to perform a 7,500% increase in inflows.<\/span><\/p>\n The digital asset investment landscape was <\/span>marked by significant volatility<\/span><\/a> in August. Last week’s cumulative outflows from the institutional niche highlighted the challenges faced by many cryptocurrencies. According to the most recent CoinShares report, Bitcoin can be credited with the lion’s share of the outflows, with the crypto’s products registering $319 million worth of outflows last week.<\/span><\/p>\nSOL Sees 7,600% Surge In Inflows<\/h2>\n