Cryptocurrency and digital asset investments saw an overall increase last week. According to the CoinShares report, inflows into the overall crypto sector amounted to $1.1 billion representing an increase compared to the previous period. Out of this sum, XRP-focused investment products registered the highest inflows. XRP saw $800,000 in inflows last week, which is $900,000 short of the week before. Nevertheless, this was enough to secure XRP the upper hand over all altcoins, apart from Bitcoin (BTC).

Currently, the total asset under management for XRP-oriented investments stands at $53 million. Since the start of the year, inflows into such products made up for an average of $3 million meaning that $92 million more is put into XRP than BTC,as well as $21 million more than Ethereum (ETH).

At this time, the two highest ranking cryptocurrencies have more outflows compared to inflows. According to CoinShares analyst James Butterfield, there is a certain hesitation around Ethereum which is said to be precipitated by the upcoming update called Shapella. When applied, this would give anyone the power to withdraw their Ether out of staking, increasing the token's supply, thus putting pressure on the price.

However, there are opposing views to this.Former ARK Invest analyst Chris Burniske believes the update of Ethereum is, in fact, bullish and could lead to further growth in the asset's value.



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