CandleFocus Which Altcoins Did Institutional Investors Buy as Bitcoin (BTC) Broke New Records? "Four Altcoins Stand Out!"
2024-11-18
Author: Content Editor
Last week, there was an inflow of $2.2 billion into cryptocurrency investment products, bringing the total inflows for the year to a record level of $33.5 billion, according to CoinShares. The majority of the inflows were into Bitcoin, with $1.48 billion invested, while Ethereum saw an inflow of $646 million. Other altcoins such as XRP, Solana, and Cardano also saw some inflows. However, there was a total outflow of $866 million in the second half of the week as Bitcoin prices reached a historical peak. The United States had the highest regional fund inflows, followed by Hong Kong, while Sweden and Brazil experienced outflows.
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