Institutions Are Flowing Money into Funds for Bitcoin, ETH and These Altcoins!
Ethereum overtook Solana in the most invested altcoin fund this week.
The movements of whales and institutional investors in the cryptocurrency sector are closely followed by retail investors. Crypto assets purchased by large investors perform better than other assets during bullish periods.
Recently, CoinShares, a successful analytics company, shared its crypto fund reports for the past week. Here is the latest report shared by CoinShares research head James Butterfil on the subject:
Digital asset investment products saw inflows of US$1.35 billion last week. The last 3-week inflow series reached 3.2 billion US dollars.
Bitcoin (BTC) â $1.2 billion inflow
Ethereum (ETH) â $45.3 million inflow
Solana (SOL) â $9.6 million entry
Litecoin (LTC) â $2.2 million entry
LINK, ADA and XRP totaled $1.6 million inflow
With the latest investments, Ethereum (ETH) has surpassed Solana in the altcoin metric with the most inflows since the beginning of this year.
Institutions' continued interest in crypto asset funds may fuel the rise in the crypto market.
