Crypto:
36638
Bitcoin:
$91.426
% 2.04
BTC Dominance:
%58.7
% 0.02
Market Cap:
$3.13 T
% 1.20
Fear & Greed:
28 / 100
Bitcoin:
$ 91.426
BTC Dominance:
% 58.7
Market Cap:
$3.13 T

Institutions Sell Bitcoin, Target These 3 Altcoins

Bitcoin drops below $100K

According to the CoinShares report, institutional investors sold Bitcoin and redirected funds into Ethereum, Solana, and XRP, offsetting $513 million in ETP outflows. This shows investors are seizing opportunities in altcoins.

US Outflows, Europe and Canada Take Buying Opportunities

Most ETP outflows came from the US, totaling $621 million. In contrast, investors in Germany, Switzerland, and Canada saw the price dip as a buying opportunity for Ethereum and Solana. Germany saw $54.2M, Switzerland $48M, and Canada $42.4M inflows.

According to Google Trends, investors are increasingly searching for altcoin purchases and ETP opportunities, highlighting the market impact of institutional moves.

Bitcoin Outflows, Ethereum and Altcoins Surge

Bitcoin was the main asset seeing outflows, totaling $946 million last week. Year-to-date, Bitcoin ETP inflows are $29.3 billion, lagging behind 2024 figures.

Meanwhile, Ethereum saw significant inflows. Ethereum ETPs received $205 million, with a 2x leveraged Ethereum ETP attracting $457 million, signaling strong investor confidence.

Solana and XRP ETPs recorded inflows of $156 million and $73.9 million, respectively, showing that institutional investors are rotating from Bitcoin into altcoins.

Weekly Trading Volume and Market Momentum

Weekly ETP trading volume reached $51 billion, nearly double the year-to-date weekly average, reflecting strong liquidity and trading opportunities in the digital asset market.

Key Altcoin Investments:

  • Ethereum: $205M inflows

  • Solana: $156M inflows

  • XRP: $73.9M inflows

These figures indicate that institutional investors are capitalizing on Bitcoin outflows while retail investors track digital asset trends to seize buying opportunities.

Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our Telegram, YouTube and Twitter channels for the latest news and updates.

Leave a Reply

Your email address will not be published. Required fields are marked *