Institutions Left Bitcoin and Refuge in Altcoins: Ethereum, XRP and Solana came to the fore

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cryptocurrency There was an outflow of $513 million from investment-based investment products following the liquidity shock on October 10. But investors, especially Ethereum $4,042.11made strong purchases against the selling pressure by taking advantage of the opportunities in Solana and XRP. Despite the US-based outflows, investors in Europe and Canada turned the decline in prices into an opportunity.

Investors Flee Bitcoin

CoinShares 256th weekly report According to data, there was a total outflow of 513 million dollars from cryptocurrency-based investment products last week. Although the total outflow increased to 668 million dollars after the liquidity collapse on October 10, investor interest did not weaken. Weekly transaction volume doubled the yearly average with 51 billion dollars. Especially in the USA, there was an outflow of 621 million dollars, while in Germany, Switzerland and Canada there was an inflow of 54.2 million, 48 million and 42.4 million dollars, respectively.

Investor’s focus as always Bitcoin happened. With an outflow of $946 million, net inflows into the largest cryptocurrency-based investment products since the beginning of the year have fallen to $29.3 billion. Bitcoin-based investment products, which reached a level of 41.7 billion dollars in 2024, lost momentum in the same period of this year. Despite this, risk appetite remained high in other segments of the market.

They Rushed to Ethereum, XRP and Solana

On the other hand Ethereum Investors turned the price drop into an opportunity. Of the total $205 million inflow, $457 million went into 2x leveraged ETPs. This trend shows that the market expects a strong recovery in Ethereum in the medium term. In the same period solana And XRP -based investment products also attracted attention with inflows of 156 million and 73.9 million dollars, respectively.

It is anticipated that investor interest will further strengthen as Ethereum, Solana and XRP-based ETPs provide institutional-level access. CoinShares data shows despite US sell-off Europe And Canada It reveals that investors balance the market with a bottom-buying approach. The current picture indicates that the cryptocurrency market maintains general interest despite regional differences.