Hold on tight, because things just got serious in the world of cryptocurrencies! Crypto funds just broke a historical record with a weekly inflow of $4.39 billion! 🤯 Yes, you heard that right. This is a clear sign of the super bullish sentiment among large institutional investors. And here comes the scoop: while Bitcoin remains king, it seems that Ethereum (ETH), Solana (SOL), and Ripple (XRP) are stealing a good part of the spotlight.
According to the latest report from CoinShares, which is an authority in this field, ETH, SOL, and XRP are leading the pack. In fact, ETH has had 13 consecutive weeks of positive inflows, with $2.12 billion just last week. It nearly doubles its previous record! This shows that confidence in Ethereum is through the roof, and it has already surpassed the net inflows of all of 2024. Incredible! 🚀
Solana, for its part, continues to attract investors, although its inflows dipped slightly to $39 million this week. But watch out, as the previous week it brought in $92.6 million, driven by things like the launch of Rex-Osprey's Solana staking ETF and the expectation of a spot Solana ETF approval. People have faith in SOL. 🔥
And XRP... XRP is back in the game! After a liquidation of $104 million last week, this week it brought in $36 million. What triggered it? The launch of the ProShares Ultra XRP ETF in the United States. And not only that, the "whales" (the largest investors) accumulated over 2.2 billion XRP in just one week, which skyrocketed its price by more than 30% to a new all-time high! 🐳
Meanwhile, the Altcoin Season Index rose to 51, indicating a rotation of capital from Bitcoin to other cryptos. In fact, Bitcoin inflows dropped to $2.2 billion this week, down from $2.7 billion the previous week. This confirms that money is moving.
Investors in the United States are the most optimistic, with $4.36 billion in inflows. Other countries like Switzerland, Hong Kong, and Australia also showed positive numbers, while Brazil and Germany experienced capital outflows.
And how are the prices doing? Ethereum is unstoppable, nearing $3,835, and experts already see it touching $4,000. Solana rose more than 6%, surpassing $190. And XRP recovered by 2% and is now trading around $3.56, with analysts expecting it to reach $5 by September.
So there you have it, the move is strong and the altcoins are making waves. Are we seeing a changing of the guard or is it just a breather for Bitcoin? 🤔 We'll be keeping an eye on it!$ETH $XRP $SOL
