XRP Sees Increased Institutional Inflows Amid Capital Rotation and Bitcoin Outflows
Main Idea
XRP is experiencing a resurgence in institutional inflows, attracting $189 million last week, surpassing Bitcoin's outflows, while Ethereum also shows strong momentum with $1.59 billion in inflows.
Key Points
1. XRP attracted $189 million in institutional inflows last week, outperforming Bitcoin, which saw $175 million in outflows.
2. Ethereum recorded $1.59 billion in inflows, its second-highest weekly total ever.
3. The United States led regional inflows with $2.03 billion, while Canada and Asia (especially Hong Kong) experienced outflows.
4. XRP's inflows are driven by growing investor trust and anticipation of ETF approvals.
5. Bitcoin's outflows may reflect profit-taking or cautious positioning ahead of regulatory clarity on ETFs.
Description
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