Institutional Investors Increase Altcoin Purchases as Bitcoin (BTC) Sets New Records! “Ethereum, XRP and These Four Altcoins Are at the Forefront!”

Bitcoin (BTC) started the new week with a new record. At this point, the BTC price rose above $ 106,000, while CoinShares published its weekly cryptocurrency report and said that a record inflow of $ 3.2 billion was experienced last week.

“Cryptocurrency investment products saw inflows of $3.2 billion last week, the 10th consecutive week of such inflows. Inflows so far this year have reached a staggering $44.5 billion.”

Ethereum and XRP Remain the Focus!

When looking at individual crypto funds, it was seen that the majority of inflows were in Bitcoin.

While BTC saw an inflow of $2 billion, Ethereum (ETH) saw an inflow of $1.08 billion.

When we look at other altcoins, XRP experienced an inflow of $145 million, Litecoin (LTC) $2.2 million, Polkadot (DOT) $2.2 million, Cardano (ADA) $1.9 million, and Solana (SOL) $1.7 million.

“Bitcoin saw total inflows of $2 billion, bringing total inflows since the US election to $11.5 billion.

Short Bitcoin products saw an inflow of $14.6 million after the recent price increases.

Ethereum saw $1 billion inflows in the 7th week, bringing the total inflow to $3.7 billion in these 7 weeks. This indicates a significant improvement in sentiment.

“XRP saw $145 million inflows as hopes for a US-listed ETF grew, while Polkadot and Litecoin saw inflows of $3.7 million and $2.2 million respectively.”

When looking at regional fund inflows and outflows, it was seen that the USA ranked first with an inflow of 3.13 billion dollars.

After the US, Switzerland and Germany also saw notable inflows with $35.6 million and $32.9 million respectively.

In the face of these inflows, Sweden experienced a small outflow of $19 million.

*This is not investment advice.