XRP Sees $89.3 Million Inflow Amid $1.94 Billion Crypto Outflows

XRP has defied the recent trend in the crypto market by recording $89.3 million in inflows, while other digital assets experienced significant outflows.

Total outflows for digital asset investment products reached $1.94 billion last week, bringing the four-week total to $4.92 billion.
Bitcoin experienced outflows of $1.27 billion, although it later saw a rebound with $225 million in inflows.
Ethereum recorded $589 million in outflows, representing 7.3% of its Asset Under Management (AuM).

Reasons for XRP's Positive Movement

The launch of spot XRP Exchange Traded Funds (ETFs), including Canary Capital’s XRPC, contributed to its inflows.
On its first trading day, XRPC recorded $58 million, outperforming Bitwise Solana ETF.
Bitwise Asset Management launched its spot XRP ETF, securing the asset’s native ticker.
XRP's price movements also attracted attention, trading at $2.05 with a 0.89% increase within 24 hours.