Solana Investment Products Attract Over $135 Million From Investors Amid Price Surge


21 Nov 2023 1:46 AM

Investors have poured more than $135 million into Solana-focused investment products so far this year after the cryptocurrency’s price moved up nearly 500% as it recovered from the collapse of FTX....

  • Investors have invested over $135 million in Solana-focused investment products this year.
  • Solana's price has increased by nearly 500% as it recovered from the collapse of FTX.
  • Last week, cryptocurrency investment products received $176 million in inflows, with Solana standing out among altcoins.
  • Solana-focused investment products received $13.6 million in inflows, compared to Ethereum, Cardano, and XRP-focused products.
  • Solana has outperformed the wider cryptocurrency market, surging nearly 500% this year and over 115% in the last 30 days.
  • Investment products offering exposure to various digital currencies received $7.9 million in inflows, indicating increased investor interest in the cryptocurrency space.
  • A cryptocurrency strategist predicts that Solana's price could increase by an additional 22% based on technical analysis.


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How much money have investors poured into Solana-focused investment products this year?What caused Solana's price to increase by nearly 500%?Which cryptocurrency investment products received the most inflows last week?How has Solana performed compared to the wider cryptocurrency market?

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