During the month of October, Solana was among the most highly sought-after altcoins. Its value has increased by over 30% in the spot market within the last week.
Currently, it is trading at a value above $32 and its futures have reached a record high open interest since January 2023.
According to a report by CoinShares, crypto funds focused on Solana have raised the second highest amount in funds, with institutional investors investing $15.5 million in these instruments.
The top spot was claimed by funds tracking the performance of Bitcoin, which received $55.3 million. In total, crypto funds attracted more than $66 million in the previous week, bringing the funds under their management to $33 billion.
CoinShares noted that since January, BTC products have received around $315 million in investment.
