Institutions Pour $921,000,000 Into Crypto Assets in One Week, With Bitcoin, XRP and Solana Leading the Charge
Institutional investors just bought an overall total of $921 million in crypto assets in the last week, according to a new update from Coinshares. The surge marks a rebound after multiple choppy weeks, driven by better investor confidence from lower-than-expected US CPI data and hopes for more rate cuts. Bitcoin led the charge with $931 million in inflows, pushing its year-to-date total to $30.2 billion. Since the U.S. Federal Reserve started cutting rates, Bitcoin has seen $9.4 billion in cumulative inflows. Ethereum bucked the trend with $169 million in outflows, its first in five weeks, despite strong demand for leveraged products. Solana and XRP inflows cooled to $29.4 million and $84.3 million, respectively, ahead of expected U.S. ETF launches. Regionally, the US dominated with $843 million in inflows, while Germany hit a record $502 million. Switzerland saw $359 million in outflows, mainly from asset transfers between providers. Global ETP trading volu...