Solana has seen a ‘dramatic increase’ in institutional interest – CoinShares
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A recent survey by CoinShares revealed a significant shift in institutional investor preferences, with Solana (SOL) seeing a significant increase in allocations. The digital asset fund manager's survey, which asked 64 investors managing a total of $600 billion in assets, highlights the interest in altcoins, particularly Solana.
James Butterfill, head of research at CoinShares, emphasized the expansion of exposure to altcoins among investors.
“Investors are expanding their exposure to altcoins, Solana is seeing a dramatic increase in allocations.”
The survey found that about 15% of participants now hold investments in SOL, including January results that showed no institutional investments in Solna.
While Bitcoin and Ethereum continue to dominate the market, with more than 25% and less than 25% of respondents investing in these assets respectively, investor sentiment seems to be changing.
Bitcoin remains the preferred asset, with 41 percent of investors bullish on the growth outlook, albeit down slightly from previous surveys. Ethereum, meanwhile, saw a drop in investor confidence, with 30% of respondents optimistic about the future, down from 35%.
Solana, on the other hand, is gaining ground among investors, with about 14% of respondents expressing optimism about its growth prospects, up from roughly 12% in the previous survey. The increasing interest in Solana is related to recent technological advances and its growing market presence.
The survey also revealed that digital assets now represent 3% of the average investment portfolio, the highest level recorded since the survey began in 2021. Institutional investors.
Despite the influx of institutional capital into cryptocurrencies like Solana, the report highlights significant barriers to wider adoption. Regulation is a major concern, with many investors citing it as a key barrier to further investments in the property segment. Butterfill suggests:
“Regulation is high as a barrier, but it's encouraging to see that concerns about flexibility and adoption are diminishing.”
The research indicates that while investor interest in distributed ledger technology is high, awareness of cryptocurrencies as a good value investment has increased significantly. From January to April, the percentage of investors who see digital assets as “good value” jumped from under 15% to 20%, reflecting increasing customer demand and positive price trends.
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