Million

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The latest&nbsp;<a href="https://blog.coinshares.com/volume-173-digital-asset-fund-flows-weekly-report-d3b5fd18d417">CoinShares</a> report on the flow of funds on the market of crypto-oriented investment products has revealed significant movements within the landscape. Notably, XRP-oriented investment products attracted a noteworthy $1.5 million influx just last week. This marks a continuation of the upward trajectory for XRP, with a total of $2.3 million flowing in since the beginning of March and a substantial $9 million since the commencement of the year.
XRP's ascendancy as one of the leaders among altcoin-oriented investment products is underscored by these figures. Only&nbsp;<a href="https://u.today/solana-founder-hails-coinbase-ceos-bold-move">Solana (SOL)</a>, with $23.6 million, and unexpectedly Polkadot, with $2.7 million, have shown higher inflows, demonstrating XRP's enduring appeal to investors.
<img data-entity-type="file" data-entity-uuid="a4918ad6-ae43-497b-b475-8f475ffb6f37" src="https://u.today/sites/default/files/inline-images/xrp_358.png">Source: <a href="https://blog.coinshares.com/volume-173-digital-asset-fund-flows-weekly-report-d3b5fd18d417">CoinShares</a>
The surge in&nbsp;<a href="https://u.today/xrp-paints-unexpected-reversal-pattern">XRP</a> inflows coincides with a broader uptick in the cryptocurrency market, bolstered by Bitcoin's historic price surge and a substantial influx of funds into&nbsp;<a href="https://u.today/ethereum-etf-approval-odds-plummet-heres-why">Bitcoin ETFs</a>. The ongoing ETF boom has propelled digital asset investment products to record-breaking heights, with weekly inflows reaching an impressive $2.7 billion. This brings the total inflow year-to-date to $10.3 billion, inching closer to the record $10.6 billion inflows witnessed in the entirety of 2021.
Moreover, the buoyant market conditions have translated into staggering trading turnover figures, reaching $43 billion for the week, a substantial increase from the previous week's record of $30 billion. These recent price gains have also propelled total assets under management (AuM) to a record high of $94.4 billion, marking a remarkable 14% surge over the last week and an astounding 88% rise year-to-date.

XRP Nets $1.5 Million in Fund Flows Amid ETF Boom

U_Today

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