Cryptocurrency holders invested more than $ 1 billion in top digital assets in just one week

Institutional investors have invested more than $ 1.06 billion in bitcoin, ethereum, XRP, Solana, and other crypto assets over the past week, according to CoinShares. This was a sharp reversal after four consecutive weeks when the market recorded outflows of $ 5.7 billion.

CoinShares analysts attribute the renewed interest to comments made by John Williams, a member of the US Federal Open Market Committee, who said that current monetary policy remains «restrictive.» This fueled expectations of an interest rate cut this month, which traditionally stimulates capital inflows into risky assets, including cryptocurrencies.

Bitcoin BTC $90,508.15 Mezo Wrapped BTC 0.38% Market capitalization $51.36 million VOL. 24 hours $0.33 billion received the most investments — $ 461 million. At the same time, short positions to reduce its price decreased by $ 1.9 million, which indicates a decrease in bearish sentiment. Ethereum ETH $3,096.83 Bridged Ether (StarkGate) 0.65% Market capitalization $71.03 million VOL. 24 hours $0.27 billion attracted $ 308 million, and XRP XRP $2.09 XRP 0.56% Market capitalization $126.91 billion VOL. 24 hours $69.26 million - a record $ 289 million for the week. This represents 29% of the total assets under management, which is partly due to the launch of the first US ETFs on XRP.

Solana SOL $135.83 Binance-Peg SOL 0.35% Market capitalization $0.15 billion VOL. 24 hours $0.15 billion demonstrated an inflow of $ 4 million, while Cardano lost about $ 19 million, which is about 23% of its assets under management. In terms of regional distribution, the United States leads with $ 994 million in investments, followed by Canada ($ 97.6 million) and Switzerland ($ 23.6 million). At the same time, Germany showed a capital outflow of $ 57.3 million.

The total trading volume in crypto funds (ETPs) last week dropped to $ 24 billion compared to a record $ 56 billion a week earlier, partly due to the US holiday weekend. Nevertheless, CoinShares experts believe that the inflow of institutional funds could signal the beginning of a new phase of growth in the crypto market.