Massive $1.59B Inflows Into Ethereum — Is the Altcoin Season Over?
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Altcoins like SUI, Cardano, and Chainlink saw modest inflows, but overall interest in altcoins beyond majors appears to be limited.
Ethereum investment products saw $1.59 billion in inflows last week. This was the second-largest weekly total on record as it led all digital assets in fund attraction. The broader digital asset market logged $1.9 billion in total inflows for the week, extending its positive run to 15 straight weeks.
Month-to-date flows reached $11.2 billion, which was well above the $7.6 billion seen post-US election in December 2024.
Is Altcoin Season Finally Here?
According to the latest edition of CoinShares’ Digital Asset Fund Flows Weekly Report, Ethereum investment products have seen $7.79 billion in inflows so far this year, surpassing the total for all of 2023.
On the other hand, Bitcoin recorded $175 million in outflows as evidenced by a shift in investor interest. The divergence has sparked speculation that an “altcoin season” may be underway.
Further validating this view, Solana and XRP saw strong weekly inflows of $311 million and $189 million, respectively. Other altcoins also gained modest traction. SUI also brought in $8 million. Meanwhile, Cardano and Chainlink attracted modest inflows of $1.3 million and $0.5 million, respectively, during the same period.
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