The cryptocurrency investment scene has changed significantly, according to CoinShares’ most recent weekly fund flows report, with XRP standing out as a strong performer. In contrast to the total $126 million withdrawal from digital asset investment products, XRP-focused vehicles have seen an incredible $300,000 in inflow over the last seven days.
This represents an astounding 300% increase over the previous week, indicating a notable improvement in investor sentiment for financial products tied to XRP.
Over the course of the year, investments into investment products have totaled $11 million, positioning XRP as a top contender among cryptocurrencies and outperforming competitors like as Solana and Cardano. In terms of total funding, it still lags behind industry leaders like Ethereum, Litecoin, and Polkadot.
The spike in XRP investment coincides with a change in the overall dynamics of the market. While Ethereum experienced severe issues, with $29 million in outflows for the fifth consecutive week, Bitcoin maintained positive month-to-date inflows despite seeing $110 million in outflows last week.
When XRP ETF?
The once-buzzing speculations of a full-fledged XRP ETF have cooled off in recent months, despite the encouraging inflow of capital into XRP investment products. Instead, as the May 23 deadline draws nearer, focus on the Ethereum ETF and the regulatory environment in the United States has changed. An XRP ETF’s future is still up in the air because it depends on changes in regulations and market conditions.
As XRP persists in exhibiting resilience and drawing investment despite market volatility, the potential for regulatory obstacles to be surmounted may rekindle conversations about an XRP ETF.
