A post on B,uzz titled "X" indicates significant institutional interest in cryptocurrencies such as Cryptocurrencies, Cryptocurrencies, Cryptocurrencies, and Cryptocurrencies.
Specifically, #الإيثيريوم saw $700 million in inflows from exchange-traded funds, with crypto whales attracting $393 million. The P,,ectra upgrade and improved US regulatory outlook (for example, the SEC's relaxation of decentralized finance policies) appear to be boosting investor confidence.
While Ethereum is a favorite among institutions, other cryptocurrencies have also seen good numbers. XRP recorded $19 million in inflows in early June, and there are rumors of an exchange-traded fund called BlackRock XRP. Additionally, Weebis International, a Nasdaq-listed company, plans to create a $300 million XRP-backed reserve.
Smart investors have also turned their attention to HBAR (Hedera), with the cryptocurrency recently seeing investment inflows of around $185 million, linked to corporate adoption, AI partnerships, and the launch of a 21Shares ETP (exchange-traded product) on Euronext.
SUI has also seen a significant surge, with a 300% increase in trading volume recently, coinciding with Nasdaq's filing for the 21Shares SUI Spot ETF. Furthermore, its total locked value (TVL) has risen to $2 billion, likely driven by the fund's concept.
With the above data in mind, the altcoin market is experiencing a resurgence, and smart investors are strategically deploying capital across a mix of large-cap safe bets, narrative-driven assets, corporate-focused projects, and emerging L1 funds.
Bitcoin dominance
Bitcoin's dominance index fell to around 63% at the beginning of this month, before approaching 65% today. Previous trends have seen similar declines, preceded by significant altcoin surges. Currently, altcoin trading volume is up nearly 9%.
The capital movement toward these altcoins appears to indicate that smart money is shifting away from Bitcoin toward assets with higher returns and interest rates. At least that's the current situation, given the ongoing regulatory sensitivities, particularly regarding the results of XRP and the SUI ETF. Based on the SEC's decisions, any delay or rejection could reverse the recent momentum.
Ultimately, ETH leads and attracts the most capital, but XRP, HBAR, and SUI follow with niche insights, particularly in the areas of storage, institutions, and token access.
