The positive momentum of the week of January 16-22 revives the institutional fund flow. According to CoinShares’ weekly fund flow, 8 altcoins, including Solana (SOL) and XRP, have seen significant inflows from Europe, particularly Germany and Switzerland.
Altcoin market rally reveals a polarized investor base
Cryptocurrency investment products saw $37 million in inflows last week, but this was predominantly in short-term investment products (68%). Weekly trading activity totaled $1.6 billion, above the 90-day average. 80% of $990 million was Bitcoin focused. After the last price increase, total assets managed reached $29 billion, the highest level since September 2022.
cryptocoin.com The fund flow report for the week of January 9-15, which we have quoted as the 9-15th of January, became the breaking point after the bottom fund inflows of $10 million in the first week of the year. Institutional investors are reviving with the rally that has occurred since last week. But regionally, opinions are very polarized…
Cryptocurrency fund flow by country
Entries were seen in Europe, particularly Germany and Switzerland, with $14 million and $10 million, respectively. The outflows in European short-term investment products show that the mood is positive. In contrast, Hong Kong saw outflows from long-term investment products ($11 million), while 95% of inflows to the US were in short-term Bitcoin products.
Bitcoin saw inflows totaling $5.7 million last week, while short-term Bitcoin investment products saw inflows totaling $25.5 million, the largest weekly inflow ($51 million) since July 2022. This trend reveals that institutional investors are showing more interest in Short Bitcoin products, expecting a decline with rising Bitcoin prices. Meanwhile, altcoin investment products have managed to raise small amounts of funds.
8 altcoins saw positive entries this week
Unlike Bitcoin, this week saw a large number of altcoin fund inflows. Altcoin projects XRP and TRON, which lost medium funding last week, are on the green side this week. Altcoin projects and amounts raising funds during the week of January 16-22:
- Ethereum (ETH): $4.2 million
- Polkadot (DOT): $1.0 million
- Cardano (ADA): $0.6 million
- Ripple (XRP): $0.6 million
- Avalanche (AVAX): $0.5 million
- Binance: $0.1 million
- Solana (LEFT): $0.1 million
- Polygon (MATIC): $0.1 million
Meanwhile, Blockchain stocks have also seen a total inflow of $7.1 million this week, up from $3.8 million last week.
