Solana (SOL) was among the most popular altcoins in October. On the spot market, its value soared more than 30% over the past week.
The digital currency is trading above $32. Open interest in Solana futures is at its highest level since mid-January 2023.
In a report by CoinShares, Solana-focused crypto funds ranked second in terms of funds raised.
Institutional investors invested $15.5 million in such instruments, with bitcoin (BTC) performance-tracking crypto funds taking first place with $55.3 million.
In total, crypto funds attracted more than $66 million last week. Thus, the amount of funds under their management reached $33 billion.
Since January, BTC products have received about $315 million, CoinShares emphasized.
Ether (ETH), on the contrary, proved to be an unpopular altcoin among large investors. They withdrew $7.4 million from ETH funds.