Revealed: Institutional Investors Are Buying Bitcoin and Those 7 Altcoins!

Ortaya Çıktı: Kurumsal Yatırımcılar Bitcoin ve O 7 Altcoin’den Alıyor!
Ortaya Çıktı: Kurumsal Yatırımcılar Bitcoin ve O 7 Altcoin’den Alıyor!
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According to the CoinShares weekly report, crypto asset investment products saw a total inflow of $2 billion, bringing the last 5-week inflow to $4.3 billion. Trading volumes on ETPs increased by 55% compared to the previous week, reaching US$ 12.8 billion during the week. Bitcoin was again the focus of the week, seeing inflows of US$1.97 billion. Ethereum saw total inflows of $69 million, having its best week of inflows since March, likely in reaction to the SEC’s decision to allow spot-based ETFs.

CoinShares report: Investors poured funds into Bitcoin and other cryptos

According to the CoinShares weekly report, crypto asset investment products saw a total inflow of $2 billion, bringing the last 5-week inflow to $4.3 billion. Trading volumes on ETPs increased by 55% compared to the previous week, reaching US$ 12.8 billion during the week. Bitcoin was again the focus of the week, seeing inflows of US$1.97 billion, while the largest altcoin Ethereum (ETH) continued to see inflows, driven by spot ETF news, with inflows of US$68.9 million. There was an outflow of $5.3 million in the short BTC fund indexed to the decline of Bitcoin.

The CoinShares report believes this turnaround in investor sentiment is a direct response to weaker-than-expected macro data in the US, bringing forward expectations for a monetary policy rate cut. The positive price movements saw total assets under management (AuM) rise above the US$100 billion level for the first time since March this year. Geographically, the US saw the most inflows last week with a total of US$1.98 billion, with the first day of the week seeing the third highest daily inflow on record. The iShares Bitcoin ETF has now comfortably surpassed traditional Grayscale with $21 billion AuM.

Mobility in other altcoins

Bitcoin was again the focus of the week, seeing inflows of US$1.97 billion, while short-bitcoin saw outflows of US$5.3 million for the 3rd consecutive week. While Ethereum saw its best inflow week since March with inflows of US$69 million, there was limited activity in altcoins. Fantom and XRP stood out as names that saw inflows of USD 1.4 million and USD 1.2 million, respectively. When we look at other altcoins, Fantom (FTM) experienced a small inflow of $1.4 million, XRP $1.2 million, and Solana (SOL) $0.7 million.

Verilere Göre O Altcoinler Gözde: Yüzde 80 Artış Var!

While the interest of institutional investors focused on Ethereum, Solana (SOL), Fantom (FTM), Chainlink (LINK), Ripple (XRP) and Litecoin (LTC) also saw demand. Interest in Solana decreased, resulting in an inflow of $700, Chainlink $700 thousand, Ripple $1.2 million, Fantom $1.4 million, and Litecoin $700 thousand. While institutional investors invest in many altcoins under normal conditions, Fantom’s inclusion in this list and receiving an investment of 1.4 million dollars was a point of great interest.

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Revealed: Institutional Investors Are Buying Bitcoin and Those 7 Altcoins!