Institutional Investors Are Heavily Accumulating XRP And Solana – Here Are Th...
Institutional investors are ramping up their exposure to digital assets following the US Federal Reserve’s recent rate cut. The latest CoinShares Digital Asset Fund Flows Weekly Report shows inflows of $1.9 billion into digital asset investment products last week, marking the second consecutive week of strong buying activity. It isn’t surprising that Bitcoin and Ethereum […]
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Institutional investors are significantly accumulating XRP and Solana while offloading their Bitcoin holdings. This comes amid the launch of the new altcoin ETFs in the United States (U.S.), which provide spot exposure to these coins. Institutions Buy XRP And Solana While Dumping Bitcoin A CoinShares report showed that institutional investors bought XRP and Solana while […]
Solana (SOL) has seen a “dramatic increase in allocations” from institutional investors, according to a recent survey conducted by CoinShares. The Digital Asset Fund Manager Survey, involving responses from 64 investors managing a cumulative $600 billion in assets, points to a burgeoning interest in altcoins, with Solana leading the charge among emerging favorites. Solana See […]
Demand for XRP on the CME derivatives exchange continues to rise, providing a bullish outlook for the altcoin. This comes ahead of the potential approval of the XRP ETFs, which could further spark institutional demand for XRP. CME XRP Futures Hit New Milestone In an X post, the CME group announced that it has hit its four-month milestone for XRP futures, with a notional trading volume of $18.3 billion, 6 billion XRP traded, and 397,000 contracts traded. This again highlights the demand for the altcoin, with the derivatives exchange previously stating that the altcoin’s futures products....
Two major institutional players – SOL Strategies and DeFi Development Corp – recently injected $509.9M combined into their Solana treasury incentives. The investment strategy echoes MicroStrategy, but this time, it’s Solana ($SOL) rather than Bitcoin ($BTC). These sizable capital inflows into $SOL suggest a bright future for Solaxy, the world’s first Solana Layer-2 (L2) network […]
Both institutional and retail investors now talk about Solana ($SOL) in the same breath as Bitcoin ($BTC) and Ethereum ($ETH) – and the crypto has very well earned this accomplishment. Not only is Solana seen as one of the leaders in the DeFi, Web3, and meme coin space, right alongside Ethereum, but it has also […]