XRP, Solana Record Massive Institutions Buying: Total Inflows Recover to $2.48B

The Coin Republic
The Coin Republic
SOL+0.31%
XRP-0.70%
ETH+0.07%
BTC-0.60%
LINK+0.66%
ADA+0.05%

Key Insights:

  • XRP and Solana saw another massive $134 million and $177 million in inflows, respectively as crypto funds recorded $2.48 billion in net inflows.
  • Ethereum continued to outperform Bitcoin, with $1.4 billion in inflows.
  • XRP and SOL prices may rebound on institutional support, targeting new all-time highs.

Crypto funds recorded $2.48 billion in inflows, recovering from the recent outflows amid crypto market selloffs. Institutional investors kept buying the dip in top altcoins such as Ethereum (ETH), XRP, Solana (SOL), Cardano (ADA), and Chainlink (LINK), according to the latest digital asset fund flows report on Monday.

Bitcoin also saw inflows as many took a buy-the-dip opportunity. However, Bitcoin funds recorded a net outflow in August as institutions rotate money to altcoins amid altcoin season sentiment.

Crypto Funds Get $2.48 Billion Boost from Institutional...

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