Ethereum

Solana

Litecoin

Bitcoin

Chainlink

While Bitcoin dropped to $67,400 due to Mt.Gox transfers, it rose above $68,000 after it was announced that these transfers were not a sale. 
At this point, while a general upward expectation prevails in the market, Coinshares published its weekly cryptocurrency report. 
Stating that there was an inflow of $1.05 billion in cryptocurrency investment products last week, Coinshares said that the majority of these inflows were to Bitcoin ETFs, which saw an inflow of $1.01 billion last week. 
<blockquote> 
 “Cryptocurrency investment products saw total inflows of $1.05 billion for the third week in a row, with cumulative flows representing an all-time record of $14.9 billion for the year.” 
</blockquote> 
<h2 id="ethereum-eth-is-back">Ethereum (ETH) is Back!</h2> 
When looking at crypto funds individually, it was seen that the majority of fund inflows were in Bitcoin. 
While BTC experienced an inflow of $1 billion, the largest altcoin Ethereum (ETH) experienced a major turnaround and experienced an outflow of $35.5 million. 
The short BTC fund, which is indexed to the decline of Bitcoin, saw an outflow of $4.3 million. 
When we look at other altcoins, Solana (SOL) experienced an inflow of $ 8 million, Chainlink (LINK) $ 0.6 million, Litecoin (LTC) experienced an inflow of $ 2.8 million, while Cardano (ADA) experienced an outflow of $ 1.2 million. 
<blockquote> 
 “The majority of inflows were into Bitcoin ETFs, which saw inflows of $1.01 billion last week, while the short-bitcoin fund experienced outflows of $4.3 million this week. 
 This shows that sentiment has generally turned positive. This is likely because investors interpreted the FOMC minutes and recent macro data as dovish. 
 Ethereum saw inflows of $36 million during the week, its highest level since March, likely an early reaction to the approval of ETH ETFs in the US. 
 “Last week, Solana saw an inflow of $8 million.” 
</blockquote> 
When looking at regional fund inflows and outflows, it was seen that the USA ranked first with an inflow of 1 billion dollars. 
After the USA, Switzerland ranked second with 47.6 million dollars. 
Against these inflows, Hong Kong received 28.6 million dollars; Sweden, on the other hand, experienced an outflow of 24.6 million dollars. 
<img decoding="async" class="alignnone wp-image-143959" src="https://www.bitcoinsistemi.com/wp-content/uploads/2024/05/Coinshares-28-mayis.webp" alt="" width="482" height="966"> 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/record-in-bitcoin-and-ethereum-purchases-institutional-investors-turned-to-btc-eth-and-this-altcoin-again/">Record in Bitcoin and Ethereum Purchases: Institutional Investors Turned to BTC, ETH and This Altcoin Again!</a>

Record in Bitcoin and Ethereum Purchases: Institutional Investors Turned to BTC, ETH and This Altcoin Again!

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