While Institutional Money Flows to These 6 Coins, SOL Coin Sees a Rise!

Last week, global digital asset ETPs (Exchange Traded Products) saw net inflows of $308 million. This inflow followed the outflows during the week following the US Federal Reserve’s (Fed) interest rate cut on December 18, indicating that the market is recovering despite the volatility. According to a CoinShares report, Bitcoin led the way with inflows of $375 million, while Solana (SOL Coin) saw outflows of $8.7 million.$SOL

Cryptocurrency asset funds received net inflow!
Following the Fed’s rate cut, digital asset ETPs recorded net inflows of $308 million last week despite increased market volatility. CoinShares Head of Research James Butterfill said that interest in digital asset ETPs has increased, but the $1 billion outflow in the last two days should be monitored carefully. Butterfill emphasized that net inflows concealed single-day outflows of $576 million on December 19, and total outflows in the last two days amounted to $1 billion.

Bitcoin$BTC

, saw net inflows of $375 million for the week. Ethereum, on the other hand, saw a $51 million increase. However, according to CoinShares data, Solana (SOL Coin) saw an outflow of $8.7 million. Litecoin (LTC), Cardano (ADA) and Chainlink (LINK) were among the other altcoins that saw inflows. These developments show that institutional interest in digital assets continues despite changing macroeconomic conditions. However, Butterfill noted that multi-asset investment products saw significant outflows of $121 million, and said:

“XRP$XRP

“Although altcoins like , $8.8 million, Horizen $4.8 million, and Polkadot $1.9 million continue to see inflows, these trends suggest that investors are taking a more selective approach in the digital asset market.”

According to Butterfill, the Fed’s press conference following its December 18 meeting influenced market dynamics. Fed Chair Jerome Powell’s statements triggered a risk-off sentiment in the market. One of the prominent factors was the Fed’s upgrade of its core PCE inflation forecast for 2025 to 2.5% from 2.2%, indicating that the rate cuts in 2025 would be only two instead of the previously projected four.

According to analysts at Wintermute’s OTC trading desk, the market decline came as investors adjusted their exposure ahead of the low-liquidity holiday season. Derivatives traders hedged their positions with put options, suggesting they were betting that the token’s price would fall, the analysts said.