Litecoin

Bitcoin

Million

James

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<a href="https://u.today/xrp-and-litecoin-ltc-see-epic-1-million-inflows-amid-bitcoin-exodus" rel="noopener noreferrer nofollow">XRP and Litecoin (LTC)</a>, two of the oldest and most popular cryptocurrencies on the market, have witnessed a record-breaking surge in inflows as investors poured over $1 million into crypto funds focused on these assets.
According to data from <a href="https://blog.coinshares.com/volume-170-digital-asset-fund-flows-weekly-report-1ec8ffde2dda" rel="noopener noreferrer nofollow">CoinShares</a>, a leading provider of digital asset investment products, XRP and LTC saw inflows of $0.4 million and $0.6 million, respectively, in the week ending on Feb. 16, 2024.
The inflows to XRP and LTC come amid a record-breaking fund surge in the crypto market.
<blockquote>
 Largest weekly inflows into Bitcoin ETFs on record at US$2.45bn<a href="https://t.co/J0urqRyaWX" rel="noopener noreferrer nofollow">https://t.co/J0urqRyaWX</a>— James Butterfill (@jbutterfill) <a href="https://twitter.com/jbutterfill/status/1759563921042579613?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 19, 2024</a>
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According to CoinShares, <a href="https://twitter.com/jbutterfill/status/1759563921042579613" rel="noopener noreferrer nofollow">digital asset</a> investment products saw record weekly inflows of $2.45 billion, with year-to-date inflows reaching an astonishing $5.2 billion. These inflows, together with recent positive price movements, have pushed total assets under management (AuM) to $67 billion, the highest level since December 2021.
<a href="https://u.today/bitcoin-warning-46500-support-break-might-trigger-significant-fall" rel="noopener noreferrer nofollow">Bitcoin</a> received more than 99% of the inflows, although other investors used the chance to add to their short-Bitcoin bets, which received $5.8 million. Ethereum has also benefited, witnessing $21 million in inflows.
Solana's recent outage has had an impact on sentiment, with outflows totaling $1.6 million. Altcoins such as Avalanche, Chainlink and Polygon received $1 million, 0.9 million and $0.9 million, respectively.
XRP and LTC are presently trading at $0.558 and $71.24, with market capitalizations of $30.47 billion and $5.28 billion, respectively. According to CoinMarketCap, XRP and LTC are now the sixth and twentieth largest cryptocurrencies, respectively.&nbsp;

XRP, Litecoin (LTC) Witness Stunning $1 Million Inflow Surge

U_Today

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