BULLISH 📈 : XRP ETFs see inflows as top trade over Bitcoin, Ethereum

Crypto analyst Amonyx highlighted a CNBC video where XRP was identified as the top crypto trade of the year, surpassing Bitcoin and Ethereum. This follows continuous inflows into XRP ETFs, contrasting with outflows from other crypto funds.

Key Points on XRP's Market Position

XRP has been gaining investor attention since last year, with significant investments in XRP ETFs as Bitcoin and Ethereum ETFs faced outflows.
The token recorded a 20% gain at the start of the year.
XRP is noted for its utility in cross-border payments and is considered less crowded than Bitcoin and Ethereum.
XRP and Solana are currently popular altcoins, both potentially having more upside potential compared to Bitcoin and Ethereum.
Investors may prefer faster, cheaper networks like Solana and XRP Ledger, which recently surpassed Solana in tokenized value.

XRP ETF Inflows and Market Performance

XRP ETFs have maintained a five-day streak of consecutive net inflows and only six days of outflows this year.
Total net assets of XRP ETFs amount to $1.02 billion, accounting for 1.20% of XRP’s market cap.
Despite lower inflows compared to Bitcoin, Ethereum, and Solana funds last week, XRP funds saw weekly flows of $1.9 million.
Current XRP price is approximately $1.36, showing an increase over the last 24 hours.

XRP