Institutions Ditch ADA Coin (ADA) and These 2 Cryptos for BTC and 6 Other Top Picks!

  • Crypto investment products have seen strong inflows for the third consecutive week, reaching a total of $1.05 billion.
  • Bitcoin ETPs were the primary beneficiaries, with $1.01 billion in inflows last week.
  • Ethereum also saw significant inflows, marking the highest level since March, likely due to the anticipation of ETH ETFs in the U.S.

Discover the latest trends in crypto investments as institutional interest surges, driving record inflows into Bitcoin and Ethereum products.

Bitcoin ETPs Lead the Charge

Bitcoin ETPs emerged as the clear favorite among investors last week, amassing $1.01 billion in inflows. This contrasts sharply with the $4.3 million outflows from short-Bitcoin funds, indicating a positive shift in investor sentiment despite recent price fluctuations. The surge in Bitcoin ETPs highlights the growing confidence in Bitcoin’s long-term potential.

Ethereum’s Strong Performance

Ethereum also experienced robust inflows, with $36 million entering the market last week. This marks the highest level of inflows for Ethereum since March and is likely driven by the initial investor response to the potential approval of ETH ETFs in the U.S. Solana followed suit, recording $8 million in inflows, further indicating a diversified interest in altcoins.

Regional Insights: U.S. Dominates Inflows

The United States led the charge in regional inflows, attracting $1.03 billion last week. Notably, outflows from Grayscale Investments significantly decreased, totaling just $15 million. Germany and Switzerland also saw substantial inflows, with $48 million and $30 million, respectively. However, Hong Kong’s performance was disappointing, with $29 million in outflows following an initially positive launch of Bitcoin spot-based ETFs.

Altcoin Movements: ADA, XRP, SOL, and More

Overall, crypto asset investment products have painted a positive picture for the sector, with year-to-date inflows totaling $14.9 billion. While Bitcoin remains the dominant player, Ethereum and other altcoins are gaining traction, particularly with new ETP offerings on the horizon. Despite some outflows from Hong Kong, the inflows from the U.S., Germany, and Switzerland underscore the continued institutional adoption of crypto assets.

Conclusion

The recent inflows into crypto investment products highlight a growing institutional interest in the sector. Bitcoin and Ethereum continue to lead the charge, but other altcoins like Solana and XRP are also attracting attention. As regulatory clarity improves and new investment products are introduced, the crypto market is poised for further growth and adoption. Investors should stay informed and consider the long-term potential of these digital assets.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

BREAKING NEWS

BNB Whale Holds 29,440 BNB ($29.3M) After $28.8M 7-Year Profit — Withdrawn 71,861, Returned 42,421 to Binance

Onchain Lens monitoring reported that a single whale address...

Ethereum Whale Sends 9,000 ETH (~$41.6M) to Binance — Address Previously Accumulated 86,001 ETH

On-chain monitoring by analyst Wu Jinyu indicates a sizable...

Peter Schiff Dismisses Trump’s $17 Trillion Investment Claim as Nonsensical, Warns of U.S. Dollar Surge

COINOTAG News reported on September 18 that U.S. President...

Sept 18: Coinbase (COIN) Leads US Crypto Stocks Rally as Bitmine Soars 9.37% and Helius (HSDT) Slips

COINOTAG News on September 18 reports that US crypto...

Bhutan Government Moves 913 BTC ($107M) to Two New Wallets; Sovereign Bitcoin Reserves Still 9,652 BTC ($1.13B)

Bhutan BTC transfer: COINOTAG News reported on September 18...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img