Millions

April

Spot

<figure><img src="https://u.today//sites/default/files/styles/1200x900/public/2023-06/36295.jpg" alt="Cover Image" width="800"
 height="500">
 <figcaption>Cover image via <a href="https://u.today/">U.Today</a></figcaption>
 </figure>In the latest report released by <a href="https://blog.coinshares.com/volume-136-digital-asset-fund-flows-weekly-report-c6e2defdbf01">CoinShares</a>, XRP has once again emerged as the clear frontrunner in cryptocurrency-focused investment products, experiencing a significant surge in inflows. With a value of $1.1 million for the week, XRP has achieved one of its most impressive results this year.<a href="https://u.today/xrp-cardano-ada-trading-given-green-light-in-indonesia-details">card</a>Consequently, XRP-focused investment products have amassed positive year-to-date inflows amounting to $6 million. The significance of this data is further underscored by the overall state of the market, which has witnessed outflows amounting to a staggering $226 million.<img alt="" data-entity-type="file" data-entity-uuid="2eb1ec90-2b5b-4787-a3a7-659463144e6f" src="https://u.today/sites/default/files/inline-images/xrp_297.png" />Source: <a href="https://blog.coinshares.com/volume-136-digital-asset-fund-flows-weekly-report-c6e2defdbf01">CoinShares</a>These investor behaviors from the more traditional financial sector are largely attributed to the growing anticipation surrounding the imminent ruling in the SEC case against <a href="https://u.today/bitgo-ceo-reveals-why-he-wants-ripple-to-win">Ripple</a>. Similar trends were observed previously in late April and early March, underscoring the significance of investor sentiment.This sentiment is further reflected in the rising price of <a href="https://u.today/xrp-cardano-ada-trading-given-green-light-in-indonesia-details">XRP</a>, which has experienced an upward trajectory over the past week. Notably, it is not only investors who are expecting a swift resolution to the case; experts like Mark Fagel, a former lawyer and SEC veteran, also predict a verdict within days, as reported by U.Today.<a href="https://u.today/ripple-v-sec-case-to-be-resolved-within-days-sec-veteran">card</a>While XRP shines in terms of fund inflows, digital asset investment products encountered minor outflows totaling $5.1 million. Toward the end of the week, a modest influx was observed following news that <a href="https://u.today/blackrock-bitcoin-btc-etf-might-pave-way-for-pos-fork">BlackRock</a> has applied for a Bitcoin Spot Trust. However, these inflows were insufficient to offset the earlier outflows, resulting in the ninth consecutive week of outflows, which now tally an alarming $423 million.

XRP Fund Inflows Eye Explosive $1 Million Surge as Ripple v. SEC Verdict Nears

U_Today

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