Cryptocurrency investment products saw $130 million in inflows last week. SOL, which we have been keeping in mind, has become the leader, attracting a lot of institutional investment.
Meanwhile, Bitcoin saw $144 million in inflows, while Ethereum saw $14.4 million outflows, still underperforming compared to Bitcoin.
Let's talk about the inflows of several old altcoins. SOL-focused investment products saw $5.9 million in inflows, bringing the total year-to-date inflows to $17 million. Other altcoins such as DOT, XRP, and LTC also saw inflows, indicating a growing interest in these digital assets.
Despite the recent price drop, SOL continues to attract investor interest. A survey of 64 investors with a total of $600 billion in assets under management showed growing optimism about SOL.
Although its value has fallen by about 33% in the past 30 days, its price has soared by more than 470% in the past year, which is why we have been calling for entry when it was below 136 before.
Altcoins like SOL are becoming more and more popular. Despite the recent price drop, investor optimism about SOL remains high, indicating that the price may soar in the future.
