Ethereum

Cardano

Solana

Bitcoin

<div class="dailyhodl">
 <p>Digital assets manager CoinShares says that one Ethereum (ETH) rival is being favored by institutional investors as the crypto markets rake in their biggest in<a rel="noopener noreferrer nofollow" title="flows" href="https://thebittimes.com/tag/flows.html">flows</a> in months.</p>
 <p>In its latest Digital Asset Fund Flows Weekly Report, CoinShares&nbsp;finds that digital assets took in inflows of $78 million last week, the second week of positive inflows in a row.</p>
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 <p><em>“Digital asset investment products saw in<a rel="noopener noreferrer nofollow" title="flows" href="https://thebittimes.com/tag/flows.html">flows</a> for the second week totaling $78 million, while trading volumes for ETPs (exchange-traded products) also rose by 37% to $1.13 billion for the week. We also saw a rise in Bitcoin volumes of 16% on trusted exchanges.”</em></p>
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="wp-image-190710 size-full" src="https://cdn.thebittimes.com/images/2023/10/10/237943f41e5b22146f3abae7609464de.png" alt="" width="1063" height="499">
  <figcaption id="caption-attachment-190710" class="wp-caption-text">
   Source: CoinShares
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 <p>According to CoinShares, most of the in<a rel="noopener noreferrer nofollow" title="flows" href="https://thebittimes.com/tag/flows.html">flows</a> came from Europe, while North American markets saw substantially lower in<a rel="noopener noreferrer nofollow" title="flows" href="https://thebittimes.com/tag/flows.html">flows</a>.</p>
 <p><em>“Regionally, the divide continues, with 90% of in<a rel="noopener noreferrer nofollow" title="flows" href="https://thebittimes.com/tag/flows.html">flows</a> from Europe, while the US and Canada saw just $9 million in<a rel="noopener noreferrer nofollow" title="flows" href="https://thebittimes.com/tag/flows.html">flows</a> combined, suggesting a continued divergence in sentiment.”</em></p>
 <p>Per usual, king crypto Bitcoin (BTC) took the lion’s share of in<a rel="noopener noreferrer nofollow" title="flows" href="https://thebittimes.com/tag/flows.html">flows</a>, totaling $43 million last week.</p>
 <p>Most altcoins also saw inflows. Ethereum saw $10.2 million, Cardano (ADA) saw $0.2 million and multi-asset products say $0.4 million in inflows. However, Coinshares says the big winner was ETH rival Solana (SOL), which saw almost $24 million in inflows last week.</p>
 <p><em>“Solana saw its largest week of inflows of $24 million since March 2022. Continuing to assert itself as the altcoin of choice, particularly in light of the recent Ethereum product launches.”</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/one-ethereum-rival-still-altcoin-of-choice-for-institutions-as-crypto-sees-biggest-inflows-since-july-coinshares-tbt65699.html">https://thebittimes.com/one-ethereum-rival-still-altcoin-of-choice-for-institutions-as-crypto-sees-biggest-inflows-since-july-coinshares-tbt65699.html</a></p>

One Ethereum Rival Still ‘Altcoin of Choice’ for Institutions As Crypto Sees Biggest Inflows Since July: CoinShares

TheBitTimes

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