Ethereum

Ethereum, Solana and XRP witness huge institutional inflows

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6 months ago

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Crypto asset investment products saw an inflow of $185 million last week, bringing the total inflow in May to over $2 billion. There was also the highest BTC inflow of $148 million recorded due to the spot BTC ETF. Ethereum saw a positive buy of $33.5 million for the second week due to the one-time approval of the ETH ETF. The ETH investment triggered a purchase of Solana for $5.8 million. XRP and ADA also saw an increase in inflows of $0.8 million and $0.3 million, respectively. ETH, SOL, and XRP prices are starting to rebound with improving sentiments.

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