Institutions Pour $921,000,000 Into Crypto Assets in One Week, With Bitcoin, XRP and Solana Leading the Charge

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Institutional investors just bought an overall total of $921 million in crypto assets in the last week, according to a new update from Coinshares.

The surge marks a rebound after multiple choppy weeks, driven by better investor confidence from lower-than-expected US CPI data and hopes for more rate cuts.

Bitcoin led the charge with $931 million in inflows, pushing its year-to-date total to $30.2 billion.

Since the U.S. Federal Reserve started cutting rates, Bitcoin has seen $9.4 billion in cumulative inflows.

Ethereum bucked the trend with $169 million in outflows, its first in five weeks, despite strong demand for leveraged products.

Solana and XRP inflows cooled to $29.4 million and $84.3 million, respectively, ahead of expected U.S. ETF launches.

Regionally, the US dominated with $843 million in inflows, while Germany hit a record $502 million.

Switzerland saw $359 million in outflows, mainly from asset transfers between providers.

Global ETP trading volumes reached $39 billion, exceeding the year-to-date average of $28 billion.