The latest weekly digital asset fund flows from CoinShares shed light on the ongoing dynamics among institutional investors when investing in altcoins such as XRP, Solana, and Cardano. Most of the inflow activity went into Bitcoin, but the report also highlights a diverse set of trends among altcoins to show preferences and strategies investors are employing across the wider crypto landscape. For one, Ethereum and Cardano ended the week with a huge outflow, while coins like XRP and Solana bucked and attracted inflows.
XRP Inflows, Cardano And ETH Outflows
According to CoinShares, digital asset investment products witnessed a total inflow of $321 million last week, bringing the inflow trend to a second consecutive week. This interest, which was mirrored in the spot price of many cryptocurrencies, was driven by the Federal Open Market Committee (FOMC) decision to cut interest rates by 50bp last week. This led to a strong…
