The post Trump Enthusiasm Also Influenced Institutional Investors! They Flocked to Five Altcoins Apart from Bitcoin (BTC)! appeared on BitcoinEthereumNews.com.

Bitcoin (BTC) broke a new record today, thanks to the excitement created by Donald Trump’s inauguration, and renewed its ATH by passing $ 109,000. While Bitcoin is expected to rise further around Trump enthusiasm, Coinshares released its weekly cryptocurrency report and said that there was an inflow of $2.2 billion last week. “Last week, during the excitement of Trump’s inauguration, $2.2 billion in inflows were recorded into cryptocurrency investment products. This was the biggest inflow week of the year so far.” Bitcoin is the Leader Again! When looking at individual crypto funds, it was seen that the majority of inflows were in Bitcoin. BTC saw an inflow of $1.9 billion, while Ethereum (ETH) saw an inflow of $246.2 million. When we look at other altcoins, XRP saw an inflow of $30.8 million, Chainlink (LINK) $2.8 million, Stellar (XLM) $2.1 million, and Solana (SOL) $2.5 million. “Bitcoin saw $1.9 billion inflows, taking YTD inflows to $2.7 billion. Ethereum saw a total of $246 million in inflows last week, matching the outflows it has seen so far this year, but remains the weakest performer from a flow perspective this year. Still, it dwarfs Solana’s $2.5 million in inflows last week. XRP saw another $31 million inflows last week, bringing its total inflows since mid-November 2024 to a staggering $484 million. “There are small inflows in Stellar of $2.1 million but very little other altcoin activity.” When looking at regional fund inflows and outflows, it was seen that the USA ranked first with an inflow of 2.099 billion dollars. After the US, Switzerland and Canada also saw notable inflows with $88.9 million and $13.4 million respectively. In the face of these inflows, Sweden experienced a small outflow of $14.5 million. *This is not investment advice. Follow our Telegram and Twitter account now for…

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Filed under: News - @ January 20, 2025 12:27 pm