Ethereum

Bitcoin

Billion

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It has been a rough few weeks for crypto-oriented investment products. Outflows have been happening for three weeks in a row now. And not just small numbers. Last week alone, $2.9 billion walked out the door, making it the largest weekly outflow on record, according to<a href="https://blog.coinshares.com/volume-223-digital-asset-fund-flows-weekly-report-2fe02dfd0df3" rel="noopener noreferrer nofollow">CoinShares</a>.
Add that to the previous two weeks, and you are looking at a total of $3.8 billion leaving the space. Not exactly the kind of streak anyone was hoping for.
<a href="https://u.today/us-crypto-czar-promises-proof-of-selling-all-his-crypto-and-bitcoin-etfs" rel="noopener noreferrer nofollow">Bitcoin</a> (BTC), as expected, took the hardest hit. Last week, $2.59 billion flowed out of exchange-traded products focused on the leading cryptocurrency. Ethereum (ETH) did not escape either, seeing a record $300 million in outflows.<a href="https://u.today/solana-price-rebounds-10-heres-impact-on-sol-liquidations" rel="noopener noreferrer nofollow">Solana</a> (SOL) also felt the pressure, with $7.4 million leaving.
<h2 id="what-s-the-driver">What's the driver?</h2>
A few things. The recent Bybit hack shook confidence. The Federal Reserve’s hawkish stance did not help. And let’s not forget the 19-week inflow streak that brought in $29 billion before this downturn. Profit-taking was bound to happen, and here we are. <img src="https://u.today/sites/default/files/inline-images/xrpsui.png" alt="&quot;&quot;">
Here’s the twist. While most of the market was struggling, two assets stood out: Sui and<a href="https://u.today/25000000-xrp-exit-top-south-korean-crypto-exchange-as-buy-ups-continue" rel="noopener noreferrer nofollow">XRP</a>. Sui led the pack with $15.5 million in inflows, making it the week's best performer. XRP followed with 5 million in inflows. Not huge numbers compared to the outflows, but in a week like this, any inflow is noteworthy.
The big players are under pressure, but smaller, niche assets are finding themself in the spotlight. Sui and XRP’s ability to attract capital while the rest of the market stumbles says something. Maybe it is shifting investor confidence. Maybe it is timing. Either way, it is worth watching. <a href="https://u.today/sui-and-xrp-shine-as-crypto-market-sees-record-29-billion-outflows" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

SUI and XRP Shine as Crypto Market Sees Record $2.9 Billion Outflows

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