Ethereum, Solana, XRP Shine as Crypto Funds Inflow Hits New Record High

Key Insights:

Crypto funds recorded the largest ever weekly inflows of $4.39 billion, reported CoinShares.
Institutional demand for Ethereum, Solana, and XRP rises as altcoin season index hits 51.
Bitcoin inflows slipped from $2.7 billion to $2.2 billion.

Crypto funds recorded the largest inflows of $4.39 billion last week, setting a new all-time suramid massive bullish sentiment among institutional investors. Ethereum (ETH), Solana (SOL) and Ripple (XRP) dominated with one of the largest inflows, as per a digital asset fund flows report on Monday.

Expert analyst Markus Thielen revealed rotation of funds to Ethereum, Solana, XRP, and other altcoins as the altcoin season index pointed at 51. Bitcoin dominance dropped below 60%.

Ethereum, Solana and XRP Led $4.39 Billion Record Inflows: CoinShares

Crypto funds saw a colossal $4.39 billion in inflows, reported CoinShares on July 21. The crypto funds recorded a 14th consecutive week of inflows, taking total assets under management (AuM) to hit a new all-time high of $220 billion.

Crypto Fund Weekly Flows | Source: CoinShares

Ethereum (ETH) maintained its positive momentum for the 13th consecutive week, $2.12 billion in inflows. It nearly doubled the previous record of $1.2 billion and was significantly higher than $990 million in the earlier week.

The past 13 weeks of inflows now represent 23% of Ethereum AuM. Also, the inflows this year already surpassed net inflows of $6.2 billion in 2024.

Institutional demand for Solana (SOL) continued for another week, but slipped to $39 million from $92.6 million in the previous week. Factors such as the Rex-Osprey Solana Staking ETF (SSK) launch, Solana-based tokenized stocks, and sentiment on spot Solana ETF approval contributed to a massive rise in buying in the previous week.

Meanwhile, demand for XRP surged again after $104 million in selloff last week. XRP contributed $36 million in inflows in the latest report amid ProShares Ultra XRP ETF launch in the United States.

In contrast, whales accumulated over 2.2 billion XRP in a week. This triggered an over 30% rally in XRP price to hit a new ATH.

Moreover, SUI also witnessed significant inflows as institutions switched to buying these top altcoins. The Altcoin Season Index climbed to hit 51, as per CoinGlass data.

Altcoin Season Index | Source: CoinGlass

Bitcoin Inflows Slip to $2.2 Billion

Bitcoin inflows dropped to $2.2 billion from $2.7 billion last week, confirming capital outflow despite corporate adoption and retail comeback. Amid strong support from Bitcoin ETFs inflows, global ETP trading volumes accounted for 55% of total Bitcoin exchange volume.

As per the report, institutional investors were largely bullish in the United States, accounting for $4.36 billion in inflows. Spot Bitcoin ETFs recorded inflows for 12 straight days, but Ethereum led the bullish sentiment among investors.

Switzerland, Hong Kong, and Australia also saw positive flows of $47.3 million, $14.1 million, and $17.3 million, respectively. Brazil and Germany again saw outflows, with $28.1 million and $15.5 million selloff by investors.

Ethereum, Solana and XRP Price Performance

Ethereum price extended rally further to hit a high of $3,835 in the past 24 hours, from a 24-hour low of $3,686. Trading volume in spot and derivatives markets rises amid high demand, clearing way for ETH price to $4,000.

Matrixport cited surges on Asian flows, treasury demand, and DeFi revival as reasons for massive sudden increase in ETH price. ETH futures OI climbed more than 5% to $57.66 billion in the last 24 hours. This signals bullish sentiment among derivatives traders.

Solana price surged over 6% on Monday to reclaim above $190. The 24-hour low and high were $178.44 and 192.70, respectively.

XRP price jumped 2% in the past 24 hours, with the price currently trading at $3.56. The 24-hour low and high were $3.42 and $3.58, respectively.

Furthermore, the trading volume has increased by 50% in the last 24 hours, indicating a rise in interest among traders. Analysts expect XRP to hit $5 by September.

The post Ethereum, Solana, XRP Shine as Crypto Funds Inflow Hits New Record High appeared first on The Coin Republic.

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