CoinShares analysts conducted a survey among institutions and it turned out that investors "dramatically increased" investments in the SOL coin. The survey involved 64 companies with total assets under management worth $600 billion. 15% of respondents said they invest in Solana-based products, although none of the respondents invested in SOL in January.
"Investors are very optimistic about Solana," said James Butterfill, head of CoinShares' research division.
Interest in Ripple's XRP coin, on the contrary, has significantly decreased and now this cryptocurrency is not in the portfolio of any surveyed investor. However, products based on this cryptocurrency still have some popularity - last week such funds raised $1.3 million.
The study also notes that institutional investors have now increased the share of cryptocurrency investments in their portfolios to 3%. In January, the figure was only 1.3%. Butterfill stressed that this is due to the emergence of spot ETFs for bitcoin in the United States. Stocks remain the most preferred asset class ― they occupy 55% of institutional portfolios.
Respondents call high regulatory risks, as well as internal corporate restrictions, the main obstacles to investing in cryptocurrencies. And even those companies that invest in digital assets have called regulation and policy the main risks for the cryptocurrency sector.
Earlier, the "cryptodetective" under the pseudonym ZachXBT reported that more than half of the memcoin projects based on Solana were abandoned and forgotten.