Institutional investors have invested a total of $293 million in Bitcoin, Ethereum, Solana, and Cardano products in the past week, pushing the total inflows for these investment products over $1 billion in the last seven weeks.
Bitcoin-focused investment products received $240 million, bringing their year-to-date flows to $1.08 billion. Ethereum saw $49.1 million in inflows last week but is still down $58 million for the year. Solana and Cardano also experienced significant inflows, with $12.4 million and $800,000 invested in products focusing on each cryptocurrency, respectively.
Bitcoin-focused investment products received $240 million, bringing their year-to-date flows to $1.08 billion. Ethereum saw $
Solana-based products have seen $121 million in inflows year-to-date, while Cardano-based products have received $8 million. Solana’s price has surged over 450% this year, reaching over $54.
Whale activity on the Cardano network has also increased, and price predictions suggest moderate growth for Cardano in November, with a potential rise of 43.5% based on historical data. However, the median return suggests a potential decline of 2.5% for the month.
Source: CRYPTOGLOBE
