Altcoins Witnesses Increasing Institutional Interest.

Institutional investors are increasingly bullish on some specific altcoins, with Solana, XRP, Chainlink, and Litecoin leading the charge. A recent CoinShares report shows that Ethereum saw substantial outflows, totaling $61 million last week. On the other hand, the above-mentioned altcoins attracted notable inflows, reflecting a significant shift in investor focus.

Meanwhile, this trend indicates a rising institutional appetite for the altcoin sector, which is gaining traction as a potential long-term investment. Besides, the report underscores that despite a third consecutive week of outflows from digital asset investment products, totaling $30 million, certain altcoins like Solana and Litecoin have managed to draw interest.