Institutional Investors Spark Bull Run: Ethereum, Solana, and XRP See Massive Buying, $2 Billion Inflows in May!
Institutional investors have been buying cryptocurrencies such as Ethereum, Solana, and XRP, leading to record inflows of money into the market. Here are the key highlights of this trend.
- Crypto investment products had a $185 million inflow last week, with a total of $2 billion in May.
- Ethereum, Solana, XRP, and Cardano saw significant buying from institutional investors.
- The price of Ethereum, Solana, and XRP is expected to rise as sentiment improves.
- Digital asset investment products saw $185 million in inflows last week, bringing the total to over $15 billion this year.
- Bitcoin saw the highest inflow of funds at $148 million, followed by Ethereum at $33.5 million.
- XRP and Cardano also saw significant inflows at $0.8 million and $0.3 million, respectively.
- Switzerland and Canada also saw significant inflows, with $36 million and $25 million, respectively.
- The price of Ethereum jumped 0.5% in the past 24 hours, with a 16% increase in trading volume.
- The price of XRP also jumped 0.5% in the past 24 hours, with a 65% increase in trading volume.
For more details, you can visit CoinGape and Ripple . DYOR
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