Solana topped institutional inflows with 118 million USD, indicating strong market recovery. XRP followed with 28.2 million USD, while Bitcoin and Ethereum experienced outflows, reflecting a shift towards altcoins.
The altcoin season index hit 100, signaling robust interest. U.S Spot SOL ETFs that allow staking have catalyzed institutional interest, with XRP’s ETFs expected to boost inflows even further.
Despite a notable rebound for some altcoins, increased selling pressure has been observed. BTC dominance is decreasing, suggesting a transition towards altcoin investments, with the potential end of the U.S government shutdown likely to stimulate further engagement.
Leave a Reply