EthereumETH) rival Solana (SOL() has been seen by a “dramatic increase” According to a recent survey, the digital assets manager CoinShares found that professional investors have allocated more than $600 million in this year.
CoinShares polled 64 investors There are over 600 asset managers worldwide that manage assets worth $600 billion.
The survey includes different investors types such as wealth managers, institutions, hedge funds and family offices. financial Investors, advisors and other investors.
CoinShares: What are they?
“Investors are broadening exposure to altcoins. Solana is seeing an increase of allocations. The survey results show that this could be due to the fact that a handful of big investors have been making large allocations and are therefore giving more weight to the survey.
XRP’s value has dropped significantly. None of the respondents to our survey currently hold it.”
The average digital assets weight was 3%, which is the highest since CoinShares began its survey in 2021.
What is the company?
“Unsurprisingly, some of the largest contributors to this were allocation from institutional investors who finally had the ability to gain exposure to bitcoin via the US ETFs.”
CoinShares reports that the top reason investors have given for not investing in digital assets is regulation.
“We had expected this to fall, but it is clear from the survey there remain significant barriers to entry to the asset class for specific cohorts of investors – these are typically in the wealth management or institutional space.
Less investors are convinced that digital assets do not have a solid investment basis.”
SOL currently trades at $135.12 as of the time this post was published. In the last 24 hours, SOL has dropped over 6% from its market capital ranking of fifth.
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