23 July
Ethereum gains appeal among institutional investors — Cryptopolitan
Cryptopolitan reports a significant shift in the cryptocurrency market as institutional investors increasingly favor Ethereum and Solana over Bitcoin. This trend stems from new investment products that facilitate institutional cryptocurrency purchases.
Ethereum-based exchange-traded funds (ETFs) attracted over $2.27 billion in July alone, demonstrating strong institutional demand. Solana, traditionally more popular with retail traders, is now gaining attention among professional investors. While a Solana ETF hasn't received official approval yet, CoinMarketCap analysts estimate a 99% likelihood of near-term authorization.
Bitcoin maintains its market dominance with a 63% share, but Ethereum and Solana are emerging as compelling alternatives. According to Cryptopolitan, their current valuations appear driven more by substantial capital inflows than by technological advancements.
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