After weekly inflows of $3.7 million for SOL and $0.4 million for XRP (ADA had no recorded inflows) last week, the three altcoins lead all non-ETH altcoins with $59 million, $15 million, and $6 million in inflows, year-to-date, respectively.
Over the same period, Bitcoin (BTC) has raked in $260 million in inflows. Ethereum is currently in the red by $111 million.
Last week, the crypto markets enjoyed their third week of inflows in a row.
“Digital asset investment products saw inflows for the 3rd consecutive week totaling $15 million, although trading volumes remain 27% below the 2023 average.
A regional divide persists, with continued minimal inflows into the US, while Europe saw net inflows totaling $7 million last week, Sweden being the only country to see outflows.”
CoinShares also notes that XRP has seen 25 weeks in a row of positive inflows from institutions.
“Last week was not positive for altcoins in general, with Tezos, Litecoin and Chainlink seeing outflows totaling $0.25 million, $0.28 million, and $0.31 million respectively. XRP saw modest inflows amounting to $0.42 million. This marks the 25th consecutive week of inflows into XRP this year.
The consistent inflows underscore the investment community’s support, especially considering successful legal challenges against the SEC.”
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