Solana (SOL) Still Holds A Hot Spot Among Institution Investors.

Solana (SOL) Still Holds A Hot Spot Among Institution Investors.

2022-01-27 | Mike Hallen

Solana (SOL) Still Holds A Hot Spot Among Institution Investors.

Notwithstanding millions of dollars in withdrawals from virtual asset investment products, institutional investors' bearish opinion in the cryptocurrency industry seems to be cooling and Solana is top on the list of favorites.

As per digital asset management CoinShares, cryptocurrency investment instruments saw $73,000,000 in withdrawals past week, the fifth week in a row.

Bitcoin (BTC), the major cryptocurrency asset by market capitalization, had the most outflows from investment firms.

Ethereum (ETH) endured the sting of withdrawals of $30,000,000 the other week, in line with its market share.

Recent withdrawals in digital asset investment products have indeed been significant, but they look to be easing following a $207,000,000 sell-off the week prior to last.

One cryptocurrency asset has stayed largely unaffected by the latest outflows. Solana (SOL) has just experienced two weeks of outflows in the previous three months, notwithstanding the overall decreasing trend.

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