XRP Investment Products See $37.7 Million Inflows Amid Market Decline
Global crypto investment funds saw a net inflow of $6 million last week, with significant activity in XRP-based products. Key points include:
- XRP investment products gained $37.7 million, totaling $214 million for the year, just behind Ethereum.
- Ethereum faced outflows of $26.7 million and Bitcoin funds saw $6 million leave the market.
- XRP's performance persists despite overall crypto fund outflows of $795 million.
- Market sentiment was influenced by strong US retail sales data, leading to temporary outflows of $146 million.
- Better liquidity and leveraged tools may enhance XRP's position for potential spot ETF approval.
- Short Bitcoin products experienced record outflows, totaling $1.2 million this week.
Regional Inflows
- Switzerland led with $43.7 million in inflows.
- Germany and Canada followed with $22.3 million and $9.4 million, respectively.
- US-based funds reported significant net outflows of $71 million due to market stress from President Trump's tariffs.
Despite mixed signals, some investors note a potential decoupling between digital assets and traditional equities. Last week, while major indices dropped, Bitcoin rose by 5.7% and gold reached an all-time high of $3,500 per ounce.
XRP’s price was $2.09, down 1.10%. HashKey Capital launched Asia’s first XRP Tracker Fund, indicating growing institutional interest in XRP in the Asian market.