XRP a Bright Spot as Investors Yank $789 Million from Bitcoin, Ethereum Funds
Despite substantial outflows from crypto funds last week, XRP stood out with a small influx of investments. CoinShares reported that digital asset products experienced an outflow of $795 million, with $751 million attributed to Bitcoin ETFs and nearly $38 million from Ethereum funds. However, XRP saw a $3.5 million allocation, marking it as a positive area amidst declining investor sentiment that has led to a total of $7.2 billion in losses since February. Trends in the market indicate that while Bitcoin had a turbulent week due to external economic policies, its price held relatively steady. The recent approval of the Teucrium 2x Long Daily XRP ETF in the U.S. further underscores growing interest in XRP, distinguishing it from the larger negative trends affecting Bitcoin and Ethereum, which continue to see outflows. This year, only $165 million has been funneled into Bitcoin and Ethereum-related products, contrasting sharply with the $44 billion allocated in 2024. Therefore, while the overall market faces uncertainty, XRP appears to defy the trend, attracting investment amid broader pessimism.
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