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 <h2 id="xrp-and-cardano-records-inflows">XRP And Cardano Records Inflows</h2> 
 <p>Notably, amidst this tumultuous market behavior, <a rel="dofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a> and Cardano emerged as exceptions. <a rel="dofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a> experienced a minor inflow of $0.5 million, while Cardano recorded inflows of $0.2 million. These divergent inflows amid a backdrop of substantial outflows indicate that investors are seeking potential opportunities within this dynamic and unpredictable landscape.</p>  
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 <p>Investment products traded a total of $1.3 billion for the week, marking a 16% drop below the year’s average. The prevalent negative sentiment is attributed to growing acknowledgment that the approval of a spot-based Bitcoin ETF in the US might take more time than initially anticipated, following recent delays announced by the SEC.</p> 
 <p>This notable exodus was observed across various geographical locations, underscoring the widespread nature of the negative sentiment. Both Germany and Canada, which had previously been hubs of considerable activity, witnessed significant outflows of $68 million and $61 million respectively.</p> 
 <p>In this landscape, Bitcoin was at the forefront of attention, experiencing outflows totaling $149 million in the past week. However, it’s worth noting that despite recent outflows, the net flow for the year remains positive at $265 million. A trend of note is the continued selling of short positions, leading to outflows of $4 million last week. Intriguingly, the past 18 weeks have accounted for 89% of the total assets under management (AuM) in terms of outflows.</p>  
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 <p>Also Read: U.S. Government Believed To Control Fifth Largest Bitcoin Wallet Linked To Bitfinex Hack</p> 
 <h2 id="ethereum-faces-major-outflows">Ethereum Faces Major Outflows</h2> 
 <p>In contrast to <a rel="dofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a> and Cardano, Ethereum was the only major altcoin that faced measurable outflows, totaling $17 million. On the other hand, Litecoin too managed to secure a minor inflow of $0.44 million, demonstrating resilience amidst challenging market conditions.</p> 
 <p>The intricate interaction between market forces, legal concerns, and investor sentiment continues to shape the growth of the Bitcoin sector. The ability of some tokens, such as <a rel="dofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a> and Cardano, to secure inflows during larger market outflows points to the different strategies and motives motivating participants in this always-changing landscape.</p> 
 <p>Also Read: DCG Agrees to Settle Claims of Bankrupt Lender Genesis, Good News for Gemini?</p> 
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/xrp-and-cardano-records-buying-amidst-largest-crypto-outflows-tbt60796.html">https://thebittimes.com/xrp-and-cardano-records-buying-amidst-largest-crypto-outflows-tbt60796.html</a></p>

XRP And Cardano Records Buying Amidst Largest Crypto Outflows

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