Breaking news!
Breaking news!
Institutions are actively investing in altcoins such as Solana, XRP, Chainlink (LINK), and Litecoin (LTC), showing strong interest in these non-mainstream crypto assets. Contrary to the outflow trend of Ethereum, these altcoins have attracted large inflows recently, indicating that the market may usher in a new round of gains.
Although Ethereum saw $61 million in outflows last week, altcoins such as Solana and XRP bucked the trend and saw significant inflows. Solana saw inflows of $1.6 million and Litecoin saw $1.4 million, underscoring investor confidence in these assets.
Bitcoin and multi-asset ETPs also led inflows, demonstrating investor demand for diversified investments in the crypto market. At the same time, the Solana ETF listing application submitted by VanEck and 21Shares further stimulated market enthusiasm.
Ethereum’s recent outflows reached $119 million, its worst performance this year. In contrast, the rise of altcoins signals a reallocation of market capital as investors seek higher returns and diversified portfolios.
Solana is known for its high-performance blockchain technology, and Chainlink is a leader in decentralized oracle networks. Both are attracting attention for their innovative technology and powerful use cases. XRP and Litecoin have demonstrated their utility in cross-border payments and digital transactions respectively.
As institutional investors favor altcoins, these non-mainstream crypto assets are gradually becoming important players in the crypto market.
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