Bitwise, one of the leading investment firms, continues to increase its purchases of Solana as institutional interest in this asset grows. According to analysis data from SosoValue, Bitwise raised over $9.65 million in its Solana exchange-traded fund (ETF) as of September 28. Despite a slight decline in the asset's price, institutional investments in Solana continue to rise, making this asset more attractive to investors.
According to recent information, Bitwise has maintained its purchasing strategy for seven consecutive trading days. This process has led to total net inflows into the Solana fund reaching approximately $1.23 billion, approaching the target milestone of $1.5 billion. To achieve this goal, the company will need to attract an additional $270 million, which is expected to take one to two months at the current growth rate.
In recent days, institutional investors have shown increasing interest in Solana. This week, they have already contributed up to $12.70 million in net inflows, positioning Solana for a potential price recovery. The overall market situation also indicates that Bitwise, continuing its investments even amid price fluctuations, demonstrates confidence in Solana's potential as a platform for decentralized applications and smart contracts.
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