機構投資人紛紛買進 Solana，顯示山寨幣前景看好

機構投資者越來越多地接受山寨幣，財富管理機構和對沖基金對 Solana (SOL) 的配置激增。持有SOL的受訪投資人比例從1月的0%上升至4月份的15%。相較之下，XRP 出現下跌，在 4 月的調查中沒有受訪者持有 XRP。儘管如此，XRP 的投資產品仍吸引了少量資金流入。

Institutional Investors Embrace Solana, Signaling Bullish Outlook for Altcoins

機構投資人擁抱 Solana，顯示山寨幣前景看好

Institutional investors are increasingly diversifying their cryptocurrency portfolios by venturing beyond Bitcoin and Ethereum into alternative coins, or altcoins, with a significant surge in allocations towards Solana (SOL). This revelation was made by CoinShares, a leading digital asset manager, in its latest bi-weekly "Digital Asset Fund Flows" report published on April 24.

機構投資者越來越多地透過比特幣和以太坊以外的替代幣或山寨幣來實現加密貨幣投資組合的多元化，其中 Solana (SOL) 的配置大幅增加。這項消息是領先的數位資產管理公司 CoinShares 在 4 月 24 日發布的最新雙週《數位資產資金流向》報告中透露的。

The report, based on a survey of 64 institutional investors collectively managing a staggering $600 billion in assets, found that nearly 15% of respondents had invested in Solana, marking a substantial increase from the previous survey in January, where none of the participants held any exposure to the altcoin.

該報告基於對總共管理6000 億美元資產的64 家機構投資者進行的調查發現，近15% 的受訪者投資了Solana，這比1 月份的上一次調查大幅增加，當時沒有參與者持有任何股票。

"Investors are more optimistic for Solana," stated James Butterfill, CoinShares' head of research, in the report. This optimism is further corroborated by Solana's ranking among the top three cryptocurrencies, with just under 15% of respondents citing it as having the "most compelling growth outlook," up from over 10% in the January survey.

CoinShares 研究主管 James Butterfill 在報告中表示：“投資者對 Solana 更加樂觀。” Solana 躋身三大加密貨幣之列進一步證實了這種樂觀情緒，只有不到 15% 的受訪者認為它具有“最引人注目的增長前景”，高於 1 月份調查中的 10% 以上。

XRP Sees Decline, Solana Emerges as a Growth Powerhouse

XRP 下跌，Solana 成為成長動力

While Solana's star is on the rise, XRP (XRP) has witnessed a significant decline, with none of the surveyed institutions holding it currently. This represents a stark contrast to the January survey, where some respondents did have XRP investments.

在 Solana 的明星不斷崛起的同時，XRP（XRP）卻出現了大幅下跌，目前沒有一家接受調查的機構持有它。這與 1 月的調查形成鮮明對比，其中一些受訪者確實有 XRP 投資。

Despite the lack of direct institutional investment in XRP, the cryptocurrency still attracts some inflows into investment products, with CoinShares reporting minor inflows of $1.3 million into XRP products for the week ending April 19.

儘管缺乏對 XRP 的直接機構投資，但這種加密貨幣仍然吸引了一些資金流入投資產品，CoinShares 報告稱，截至 4 月 19 日當週，XRP 產品有小額資金流入 130 萬美元。

Bitcoin Maintains Dominance, Ether's Appetite Wanes

比特幣維持主導地位，以太幣興趣減弱

Despite the growing interest in altcoins, Bitcoin (BTC) remains the undisputed king among institutional investors, with 41% of respondents believing it has the best growth potential. Ether (ETH), the second-largest cryptocurrency, came in second with just over 30% of respondents bullish on its growth. However, Butterfill noted that "investor appetite has waned since January," with ETH's score dropping from around 35%.

儘管人們對山寨幣的興趣日益濃厚，但比特幣 (BTC) 仍然是機構投資者中無可爭議的王者，41% 的受訪者認為它具有最佳的成長潛力。第二大加密貨幣以太幣 (ETH) 排名第二，超過 30% 的受訪者看好成長。然而，Butterfill 指出，“自 1 月以來，投資者的興趣已經減弱”，ETH 的得分從 35% 左右下降。

Cryptocurrency Holdings Rise, but Barriers to Entry Remain

加密貨幣持有量增加，但進入障礙仍存在

The survey also revealed that the percentage of cryptocurrency in investors' portfolios has increased to 3% compared to 1.3% in January, reaching "the highest weighting since the survey began in 2021," according to Butterfill. He attributed this rise in cryptocurrency holdings to allocations from institutional investors, who now have the ability to gain exposure to Bitcoin via U.S. exchange-traded funds (ETFs).

Butterfill 表示，調查還顯示，加密貨幣在投資者投資組合中的比例已從 1 月的 1.3% 上升至 3%，達到「自 2021 年調查開始以來的最高權重」。他將加密貨幣持有量的增加歸因於機構投資者的配置，他們現在有能力透過美國交易所交易基金（ETF）獲得比特幣的投資。

Despite the positive trend towards crypto, institutional investors, in particular, still face "significant barriers to entry to the asset class." Regulation remains a primary concern, with many respondents citing it as a reason for not investing in cryptocurrencies.

儘管加密貨幣呈現正面趨勢，但尤其是機構投資者仍然面臨「進入該資產類別的重大障礙」。監管仍然是一個主要問題，許多受訪者將其視為不投資加密貨幣的原因。

"Although this maybe due to corporate restrictions and the way in which regulatory guidelines are interpreted," Butterfill added.

「儘管這可能是由於公司限制和監管指南的解釋方式造成的，」巴特菲爾補充道。

Risks and Concerns

風險和擔憂

For investors who have made crypto investments, regulation and politics present the top perceived risks, a departure from the January results. However, Butterfill expressed encouragement that concerns over volatility and custody "continue to diminish."

對於進行加密貨幣投資的投資者來說，監管和政治是最大的感知風險，這與 1 月的結果有所不同。然而，巴特菲爾對波動性和託管的擔憂「繼續減少」表示鼓舞。

"Client demand has risen too, as is often the case during positive price momentum," Butterfill added.

「客戶需求也有所增加，就像在積極的價格勢頭中經常出現的情況一樣，」巴特菲爾補充道。

In conclusion, institutional investors are broadening their horizons by allocating funds to altcoins, particularly Solana. While Bitcoin maintains its dominance, Ether's growth outlook appears to have cooled. Cryptocurrency holdings are on the rise, but regulatory hurdles remain a significant obstacle for wider institutional adoption.

總之，機構投資者正在透過將資金分配給山寨幣（尤其是 Solana）來拓寬視野。雖然比特幣保持其主導地位，但以太幣的成長前景似乎已經降溫。加密貨幣持有量正在增加，但監管障礙仍然是機構更廣泛採用的重大障礙。