XRP has experienced a surge in investor funds, with $1.1 million flowing into XRP exchange-traded products (ETPs) last week, marking a 366% increase in this metric over the past seven days. CoinShares' weekly report also highlights a significant change in overall cryptocurrency inflows, with $407 million flowing into the market compared to $147 million outflows the previous week. The report suggests that investor decisions have been more influenced by the upcoming US elections rather than monetary policy outlooks, resulting in increased inflows and prices of cryptocurrencies. Bitcoin ETFs brought in the majority of inflows, while Ethereum ETFs saw outflows of $9.8 million last week.
- Content Editor ( u.today )
- 2024-10-14
XRP Rockets 366% to $1.1 Million in Weekly Fund Flows