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.