20 hour ago
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XRP ETFs Attract $82 Million Inflows Amid Broader Crypto Outflows
Recent trends in crypto-based ETFs show contrasting performances:
- XRP investment products attracted over $80 million, marking a positive week against the backdrop of significant outflows in other crypto ETFs.
- The overall market saw nearly $952 million in outflows, with Ethereum experiencing the largest outflow at $555 million, followed by Bitcoin with $460 million.
- The negative sentiment is linked to delays in US regulatory frameworks and sales by large investors.
XRP's Market Performance
- XRP ended the week recovering from a recent correction that saw its price drop to a two-month low of $1.77.
- Market analysts suggest XRP is stabilizing, with potential for a significant price increase if the market gains momentum.
- Currently trading at $1.93, XRP has shown a 1.1% increase over the week.
