Institutional investors' allocations to Solana are increasing, according to a CoinShares survey

The CoinShares survey reveals a noteworthy change in institutional investors' preferences, as they are increasingly investing in Solana (SOL). This shift is evident with 15% of the 64 investors, managing a combined $600 billion, now holding the altcoin, a substantial growth from earlier this year when no institutional investments were reported.
The growing popularity of Solana (SOL) among institutional investors is evident, even though Bitcoin and Ethereum continue to dominate portfolios. About 14% of investors are optimistic about SOL's growth, up from 12% previously. This increased interest correlates with Solana's technological advancements and broader market presence. Digital assets now account for 3% of the average investment portfolio, the highest since the survey began in 2021, largely due to the introduction of US spot Bitcoin ETFs, which have facilitated easier Bitcoin access for institutions.