Institutional Investors Flock to Bitcoin (BTC), Ethereum, Chainlink, and XRP: $5.7 Billion Invested in 2024

Institutional Investors Flock to Bitcoin (BTC), Ethereum, Chainlink, and XRP: $5.7 Billion Invested in 2024

Crypto investment products have witnessed growing interest, with almost $600 million in net inflows last week.
ETH, LINK, and XRP are leading altcoins as the community anticipates the approval of an ether spot ETF in the coming weeks.
Crypto investment products have continued to enjoy remarkable inflows since the turn of the year. For the fourth consecutive week, crypto-focused investment products witnessed net inflows. Expectedly, Bitcoin (BTC) is leading this new trend with $570 million in inflows.
Following this addition, the total year-to-date flows have reached $5.6 billion. This makes Bitcoin by far the best-performing cryptocurrency. This is unsurprising after the approval of a Bitcoin spot ETF in January. This approval has attracted massive institutional interest in the digital asset.
Altcoins have also impressed in recent weeks, with some of the most obvious suspects leading. In the last week, Ethereum (ETH), Chainlink (LINK), and XRP have witnessed inflows of $17 million, $1.

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