The latest Weekly Fund Flow Report by CoinSharesXRP has emerged as a top performer in the crypto investment world. XRP focused vehicles defied the trend and attracted $300,000 worth of inflows in the last seven days, despite an outflow totaling $126,000,000 from digital assets investment products.
The 300% increase is a stunning improvement compared with the week before, and reflects a marked change in investor attitudes towards XRP related financial instruments.
XRP, which has seen total investment product inflows reach $11 million, since the start of this year, is now the leading altcoin, beating out the likes Solana You can also find out more about the following: Cardano. It still trails heavyweights such as Polkadot and Litecoin in terms of total fundraising.
The rush in XRP investments comes as the broader dynamics of the market are changing. Bitcoin’s positive monthly inflows were maintained despite $110 million of outflows in the last week. Ethereum, however, faced major challenges as it experienced $29 millions in outflows in its fifth consecutive weekly.
What is XRP ETF and when will it be available?
The influx of money into The XRP currency is a cryptocurrency that can be used to buy and sell goods. The once-buzzing talk of an XRP ETF has dwindled over the past few months. The focus of the U.S. regulator landscape is now on the Ethereum ETFThe chances of approval are decreasing as we approach the deadline on May 23. It is still uncertain what will happen to an XRP ETF, depending on regulatory changes and market dynamics.
It is possible that regulatory obstacles could be overcome as XRP shows resilience in the face of market volatility. XRP ETF.