Solana Experiences Surge in Institutional Interest

CoinShares reports a notable ⬆️ rise in the number of hedge funds and wealth managers who now include Solana in their portfolios, a significant increase compared to earlier in the year.

💰Institutional investors are expanding their investments into altcoins, notably Solana, which has witnessed substantial growth in allocations from both wealth managers and hedge funds.

🤔 Nearly 15% of the investors surveyed indicated they have invested in SOL, marking a noteworthy increase from a January survey where none of the respondents reported investments in the altcoin.

✔️Additionally, Solana ranked third in terms of having the "most compelling growth outlook," with just under 15% of respondents affirming this view, up from just over 10% in the previous survey conducted in January.