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Cryptocurrencies continue to thrive despite the wobbly macro-environment However institutions have not yet joined the celebrations Last week Watcher Guru reported Institutional investors are increasingly bullish on some specific altcoins, with Solana, XRP, Chainlink, and Litecoin leading the charge. A recent CoinShares report shows According to data, SOL worth $4.8 million, XRP worth $1.2 million, and MATIC worth $1.9 million were added into institutional bags over the past week. This brings Cryptos recorded inflows of $176 million, consecutively for the 8th week, with significant buying observed in BTC, ETH, XRP, SOL, and ADA. The crypto asset funds Digital assets manager CoinShares says Bitcoin (BTC), Ethereum (ETH) and Solana (SOL) saw heavy inflows from institutional investors last week. tldr; Institutions are investing heavily in Bitcoin, Ethereum, and Solana, with a total of $262 million in capital flows. This marks the sixth consecutive week of institutional inflows into the crypto According to the latest data from CoinShares, institutions continue to ditch Bitcoin and Ethereum. However, they are collectively betting on Altcoins like XRP, Solana Galaxy Digital seems to be making a clear move away from Ethereum and leaning into Solana. According to on-chain data from Lookonchain, the firm has deposited

Institutions Dump Bitcoin & Ethereum ($126M) – Solana & XRP Take Center Stage?

Cryptocurrencies continue to thrive despite the wobbly macro-environment. However, institutions have not yet joined the celebrations, at least not universally. Are we seeing a major shift in institutional crypto investment strategies? Recent data suggests a possible pivot away from Bitcoin (BTC) and Ethereum (ETH) towards select altcoins, particularly Solana (SOL) and XRP.

Institutional Investors Cooling on BTC & ETH?

According to the latest data from CoinShares, institutions continue to ditch Bitcoin and Ethereum. One report indicated a substantial outflow, with institutions reportedly dumping $126 million combined. Last week Watcher Guru reported this trend, prompting questions about the driving forces behind this move.

Altcoins Attracting Institutional Attention: Solana, XRP & More

While Bitcoin and Ethereum face outflows, Institutional investors are increasingly bullish on some specific altcoins, with Solana, XRP, Chainlink, and Litecoin leading the charge. A recent CoinShares report shows increased institutional activity in these altcoins.

Solana (SOL) and XRP: The Darlings of Institutional Investors?

According to data, SOL worth $4.8 million, XRP worth $1.2 million, and MATIC worth $1.9 million were added into institutional bags over the past week. This trend suggests a strategic reallocation of funds towards altcoins with perceived growth potential. Digital assets manager CoinShares says Bitcoin (BTC), Ethereum (ETH) and Solana (SOL) saw heavy inflows from institutional investors last week. However, closer examination reveals the outflows from BTC & ETH are significant.

Galaxy Digital's Solana Move

Galaxy Digital seems to be making a clear move away from Ethereum and leaning into Solana. According to on-chain data from Lookonchain, the firm has deposited significant funds into Solana-related ventures, signaling a strong belief in the altcoin's future.

Overall Crypto Inflows Remain Positive

Despite the shifting preferences for specific cryptocurrencies, cryptos recorded inflows of $176 million, consecutively for the 8th week, with significant buying observed in BTC, ETH, XRP, SOL, and ADA. The crypto asset funds are experiencing sustained growth, suggesting continued institutional interest in the overall digital asset space. tldr; Institutions are investing heavily in Bitcoin, Ethereum, and Solana, with a total of $262 million in capital flows. This marks the sixth consecutive week of institutional inflows into the crypto. The key takeaway is that while BTC and ETH may face temporary headwinds, altcoins like SOL and XRP are attracting substantial institutional capital.

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