The traditional financial landscape has slowly been attuning itself to the crypto-verse. Large-cap crypto coins like Bitcoin and Ethereum have presented themselves as viable investment options amongst institutional investors.
However, with the crypto market maturing, a host of other coins including the likes of ADA, SOL, DOT, and LTC have managed to sneak their way into institutional portfolios.
Solana – the new favorite alt in town?
When compared to most other alts, Solana’s price performance over the past few weeks has been quite breathtaking. In effect, people from the space have started amassing it in their respective investment kitties.
Consider this – In the week ending 26 November, Solana witnessed the highest inflows [$14.6 million] after Bitcoin and Ethereum [$247.3 million, $23.1 million]. Now, this data amidst a broader state of the crypto market indicates one thing – the increasing inclination of institutions towards Solana.
Further, to make things even more interesting, Grayscale Investments – one of the most-renowned crypto AMC, on 30 November announced that it had just launched their Solana Trust. Their official notice on Twitter noted,
The digital asset class is growing, and we’re expanding our offerings along with it! Gain exposure to $SOL, the native token of the @Solana network, through new Grayscale #Solana Trust. Learn more: https://t.co/QiT6u0xI7h pic.twitter.com/KAxRZAriRl
— Grayscale (@Grayscale) November 30,…