Solana News Today: Institutions Move $118M into Altcoins While Bitcoin Sees Withdrawals
- Solana (SOL) attracted $118M in institutional inflows last week, outpacing Bitcoin/Ethereum outflows as altcoin season index hit 100. - U.S. spot SOL ETFs with staking capabilities drove demand, while Canadian Solar secured 1,858 MWh storage contract for Ontario's Skyview 2 project. - Energy storage market projected 16.1% CAGR through 2032, with Canadian Solar's stock up 167.7% vs. industry's 33.9% gain. - Crypto institutions remain sensitive to regulatory uncertainty, as Bitcoin's dominance fell to 59%
Signaling a resurgence of institutional engagement in digital assets,
However, the rally among altcoins has been uneven. While Solana and
At the same time,
The energy storage sector is expected to see robust expansion, with
Across the broader cryptocurrency landscape, institutional investments remain highly responsive to regulatory signals.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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