ethereum taking the crown from bitcoin?! 🚀🔥 institutional money pouring in like it’s a degen casino, altcoin season is upon us – buckle up, cuz we’re going to the moon lmfao! 🌕
institutional investors fomoing into crypto like there’s no tomorrow, ETH flexing harder than BTC, altcoin season approaching, and everyone’s losing their minds over the gains 🚀🤑🔥 hodl or fomo harder
Institutional investors pour record money into crypto products, with Ethereum leading. Last week, digital asset funds attracted $1.9 billion, totaling $11.2 billion in July, surpassing the previous peak of $7.6 billion in December 2024. This trend, with 15 consecutive weeks of net entries, indicates sustained institutional confidence in the market. Ethereum has stolen the spotlight from Bitcoin, attracting $1.59 billion last week, marking its second strongest weekly figure ever. Ethereum products surpassed Bitcoin on five days, with assets managed by BlackRock exceeding $10 billion.
The market’s momentum remains robust, with Ethereum’s total entries reaching $7.79 billion, surpassing its 2024 total. The president of Sharplink, Joseph Lubin, stated, “Ethereum is entering its next chapter: where serious capital and experienced leadership will push it to the heart of global finance.” A Coinshares report suggests a potential “Altcoin season” as interest in Bitcoin funds slows. Investors are turning to major altcoins like Solana and XRP, with Bitcoin experiencing light outflows.
Altcoin-related funds saw strong activity, with Solana attracting $311 million, XRP earning $189 million, and S
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