Bitcoin

Million

Epic

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A recent report by <a href="https://blog.coinshares.com/volume-137-digital-asset-fund-flows-weekly-report-a6eaca3b9dd9">CoinShares</a> has revealed impressive gains for XRP, solidifying its position as a frontrunner among crypto investment products. The surge in inflows has propelled XRP to new heights, with a remarkable influx of funds totaling $240,000 in the past week alone. This surge adds to the cumulative value of XRP, which now stands at an impressive $6 million since the start of the year.
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However, the positive momentum was not limited to <a href="https://u.today/xrp-flashes-bullish-case-for-growth-amid-market-downturn-details">XRP</a> alone, as the entire market experienced a surge of optimism. Digital asset investment products witnessed their largest weekly inflows of the year, with an overwhelming $199 million flooding onto the market. This surge effectively counteracted almost half of the outflows observed over the past two months.
<img alt="" data-entity-type="file" data-entity-uuid="463e1644-3264-444b-831c-4d69df4dc676" src="https://u.today/sites/default/files/inline-images/xrpcs.png">Source: <a href="https://blog.coinshares.com/volume-137-digital-asset-fund-flows-weekly-report-a6eaca3b9dd9">CoinShares</a>
Unquestionably, the primary beneficiary of this resurgent market sentiment has been <a href="https://u.today/bitcoin-btc-ethereum-eth-in-red-as-momentum-stalls">Bitcoin</a>, as it attracted an impressive $188 million in inflows last week, accounting for a substantial 94% of the total funds received. Conversely, there has been a sustained outflow from Short Bitcoin products, with withdrawals already surpassing a significant 60% of total assets under management in just two months.
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Experts at CoinShares attribute this renewed optimism and influx of funds to recent news regarding large funds filing physical collateral exchange-traded funds (ETFs) with the Securities and Exchange Commission (SEC). Notably, among these institutions, <a href="https://u.today/breaking-bitcoin-soars-past-30000-following-blackrock-and-invescos-etf-applications">BlackRock</a>, managing an estimated $9 trillion in assets, stands out prominently.

XRP Eyes Big Fund Inflows as Whopping $200 Million Injected in Epic ETF Boom

U_Today

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