Massive $1.59B Inflows Into Ethereum — Is the Altcoin Season Over?
Check out the link for free Bitcoin trading signals: https://telegram.me/btctradingclub 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 diverge...