XRP, the cryptocurrency that just won’t quit, pulled in a whopping $11.8 million in institutional fund inflows last week. Not too shabby, considering it had been on a bit of a losing streak. And guess what? $2 seems to be the new normal for this feisty little token.
According to CoinShares’ weekly digital asset flows report, there was a grand total of $1.9 billion in inflows across all crypto investment products. That’s nine weeks in a row of positive flow data, with this past week setting a new year-to-date high at $13.2 billion. 🎉
As expected, Bitcoin led the pack with $1.3 billion, while Ethereum had its strongest weekly performance since February with $583 million. This has boosted ETH‘s recent growth to $2 billion, making up 14% of its total assets under management. 🚀
The timing of the inflows for XRP is quite interesting. After three weeks in a row of outflows, the bounce back suggests investors are feeling more confident about getting back in. 😉
The price action has also stabilized; XRP was trading around $2.21 and has increased by about 2.2% over the day, with over $1.7 billion in 24-hour trading volume. Even though it is slightly down on the week, XRP is still holding strong with a market cap of $130 billion. 💪
The general feeling in the crypto world is still risk-on, even with all the geopolitical worries still around. If this rate of inflows keeps up, XRP’s quiet return to favor could end up being one of the more important undercurrents in a market that is clearly heating up again. 🔥
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2025-06-16 16:05