It seems institutional investors have found Solana to be their number one this week. The DeFi protocol took up one-third of total cash inflows to crypto assets for the week between August 15 and August 20.
As per CoinShares’ Digital Asset Fund Flows Weekly report dated August 23, a total of $7.1 million flowed into Solana investment products. To match with this inflow rise, Solana (SOL) has also gained 8.38% this week. At this moment, it trades for a price of $78.58.
The report also stated that institutional crypto investment products also resisted a six-week trend of outflows. In fact, almost $21 million flowe…
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Source: Cryptocurrency - investing.com
