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Solana, XRP Record Inflows From Institutions As Bitcoin, Ethereum Bleed, What’s Going On?

  • Investment funds based on altcoins like Solana, XRP, Cardano, and Litecoin witnessed inflows, while Bitcoin and Ethereum saw outflows from institutional investors.
  • Crypto investment funds recorded an outflow of $147 million last week, mainly driven by outflows from Bitcoin and Ethereum products.
  • Altcoins like Solana, XRP, Cardano, and Litecoin defied the trend and experienced positive inflows from institutional investors.
  • Multi-asset products and Short Bitcoin products received notable inflows, while BNB recorded a net outflow.

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