King cryptocurrency The unit dropped again to prices of $98,400, but the expected investment report also arrived. The report, which tracks institutional investor activity in the cryptocurrency markets, shows which altcoins investors are investing in with ETF and ETP products. We share this important report with our readers every Monday.
Institutional Investor Report
The record entry seen in previous weeks was moved up and the largest weekly entry peak was seen at $3.85. Crypto These inflows, which reflect the ever-increasing interest in currencies, show that the appetite for institutional demand may not have reached its saturation point yet. Since the first day of 2024, the total inflows have reached a huge level.
While annual inflows exceeded $41 billion, the total assets of cryptocurrency investment product issuers climbed to a new record level of $165 billion. The cycle peak in 2021 was an annual inflow of 10.6 billion dollars and a total reserve size of 83 billion dollars. Total assets have doubled while inflows have nearly quadrupled this cycle.
This is exciting considering that the cycle peak has not yet been reached and the year is still weeks away.
Bitcoin and Altcoin Entries
So, which cryptocurrencies attracted more attention in addition to total entries? Of course first place Bitcoin $98,523.4 (BTC) and you can see the details in the table below. Investors in the US region represented almost all of the inflows. While $3.6 billion of inflows came from the United States, Switzerland, Germany, Canada and Australia hosted inflows of $160, 116, 14 and 10 billion, respectively.
Ethereum $3,879.7 had its best week since the ETF launch in July. The altcoin king, which sees a weekly inflow of 1.2 billion dollars, reached 4 thousand dollars last week. Solana (SOL) is having its second consecutive debut week and we saw $14 million in sales. The spot price fell to $227.
Blockchain stocks saw inflows of $124 million, the largest inflow since January, while BTC shorts saw inflows of $6.2 million. While XRP Coin entered 134 million, it was followed by Cardano (ADA). $1.1 followed. LTC and BNB Coin attracted inflows of $2.1 and $3.3 million respectively.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.