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Solana News Today: Institutions Move $118M into Altcoins While Bitcoin Sees Withdrawals

Solana News Today: Institutions Move $118M into Altcoins While Bitcoin Sees Withdrawals

Bitget-RWA2025/11/17 18:27
By:Bitget-RWA

- 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,

(SOL) in institutional inflows last week, drawing $118 million from prominent investors. This influx surpassed the withdrawals observed in and , as —a threshold that reflects strong for alternative coins. The notable investment in Solana followed the debut of U.S. spot exchange-traded funds (ETFs) with staking features, from yield-focused investors.

However, the rally among altcoins has been uneven. While Solana and

(ADA) posted price increases of 5% and 9% respectively, XRP , with $15.5 million in capital leaving the asset. Nevertheless, a wider market rebound, as various tokens recover from losses sustained in October. Experts to a shift in capital away from Bitcoin, whose market share slipped to 59%, in favor of higher-yielding altcoins.

Solana News Today: Institutions Move $118M into Altcoins While Bitcoin Sees Withdrawals image 0

At the same time,

is advancing in the energy storage industry, having secured a significant deal to provide a 1,858 MWh storage system for Ontario’s Skyview 2 project. Developed alongside the Algonquins of Pikwàkanagàn First Nation, this project highlights the company’s growing presence in North America. 390 SolBank 3.0 units, with commercial operations slated for the second quarter of 2027. This contract expands CSIQ’s portfolio, which of battery storage projects across North America.

The energy storage sector is expected to see robust expansion, with

through 2032. 167.7% over the past six months, far outpacing the industry’s 33.9% rise. Rivals such as SolarEdge Technologies and Enphase Energy are also benefiting from this momentum, with of residential battery storage enrolled in virtual power plant initiatives.

Across the broader cryptocurrency landscape, institutional investments remain highly responsive to regulatory signals.

and Ethereum outflows reflect a cautious approach, but the emergence of staking-enabled ETFs and a recovering altcoin index indicate a renewed interest in diversified crypto exposure. With ongoing policy uncertainty from the U.S. government, analysts caution that if regulatory clarity is not provided.

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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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