Ethereum (ETH) rival Solana (SOL) is seeing a “dramatic increase” in professional investor allocations this year, according to a new survey conducted by the digital assets manager CoinShares.
CoinShares polled 64 investors worldwide who cover a combined $600 billion worth of assets under management.
The respondents include different investor types including wealth managers, hedge funds, institutions, family offices, financial advisors and individual investors.
Explains CoinShares,
“Investors have been broadening their exposure to altcoins, with Solana seeing a dramatic increase in allocations. Looking through the survey responses, this is due to a few large investors allocating, carrying more weight in the survey.
XRP has seen a significant decline, with none of the survey respondents holding it now.”
Source: CoinShares
Digital assets represented an average of 3% of the respondents’ portfolios, the highest weighting since CoinShares’ survey began in 2021.
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