💰 Gate.io Daily Topic & Post Event
➡️ #BitcoinStrategicReserveAct#
— On May 7, New Hampshire became the first U.S. state to include Bitcoin in its strategic reserves. The new HB 302 bill allows up to 5% of public funds to be invested in digital assets and precious metals with a market cap over $500B.
Will this boost Bitcoin’s price? Could it set a trend for other states or countries? Share your thoughts!
➡️ #FOMCMeeting#
— The Fed will announce its May rate decision on May 8. Despite pressure to cut, markets expect no change. How do you think this will impact the market?
✍️ Post with #Bitcoin
Institutions Invested 3 Billion Dollars in Bitcoin: Surprising Data for XRP, SOL, and an Altcoin! - Coin Bulletin
Last week, 3.4 billion dollars flowed into digital asset investment products, while investors chose Bitcoin as an alternative safe haven (BTC).
According to data released by CoinShares, digital asset investment products experienced a total of $3.4 billion worth of inflows last week, reaching the highest weekly level since December 2024. This figure was also the third largest weekly inflow in history. At the heart of this situation is the fact that investors are turning to digital assets for reasons such as tariffs that suppress corporate profits and the rapid depreciation of the US dollar. On the altcoin front, significant inflows were seen into other assets except Solana (SOL).
Intense Interest from the USA, Germany, and Switzerland
While most of last week's inflows came from the USA, a total inflow of 3.3 billion dollars was realized. Following the USA, there were inflows from Germany amounting to 51.5 million dollars and from Switzerland amounting to 41.4 million dollars. Although inflows from other regions were more limited, a generally positive atmosphere was felt globally.
Record Entry in Bitcoin
Last week's winner was Bitcoin with inflows of $3.18 billion. The (AuM) of assets under management of Bitcoin products has also risen to $132 billion**, which has not been seen since February. Ethereum (ETH) also broke an eight-week uptrend and saw an inflow of $183 million last week. In contrast, Solana was the only altcoin to close the week negative with a $5.7 million** outflow.
Ripple and Sui on Investors' Radar
On the altcoin side, XRP attracted attention with an inflow of 31.6 million dollars last week. Sui was another asset that investors showed interest in, experiencing a total inflow of 20.7 million dollars. While no significant movement was observed in other altcoins, blockchain stocks also recorded an inflow worth 17.4 million dollars, particularly focusing on Bitcoin mining ETFs.