Solana Overtakes XRP as Crypto Inflows Hit $3.3B
The post Solana Overtakes XRP as Crypto Inflows Hit $3.3B appeared on BitcoinEthereumNews.com.
Key Notes The US leads in digital asset investment inflows over the past week with $3.2 billion on record. Bitcoin leads the inflows while XRP records $37.2 million in outflows. Solana’s price performance is bullish, especially with the positive sentiments surrounding the blockchain. Ripple-associated XRP XRP $2.22 24h volatility: 0.8% Market cap: $129.99 B Vol. 24h: $2.17 B ended its 80-week inflow streak last week, providing room for Solana SOL $150.7 24h volatility: 2.6% Market cap: $78.04 B Vol. 24h: $3.80 B to outperform it by a reasonable amount. The broader crypto market recorded about $3.3 billion in inflows, and XRP did not contribute to this. Instead, it ended up with an outflow of $37.2 million, per the Digital Asset Fund Flows Weekly report by CoinShares. Details of the Digital Asset Fund Flows Weekly Report By recording inflows up to $3.3 billion, the digital asset ecosystem has successfully extended the six-week streak to $10.5 billion. According to the CoinShares report, the Year-to-date (YTD) inflows have been pushed to a new record of $10.8 billion. The total Assets Under Management (AUM) also went up to an all-time high of $187.5 billion. This suggests that investors have sought refuge in digital currencies. This diversification of investors was likely prompted by fears surrounding the future of the US economy, Moody’s downgrade, and the resulting spike in treasury yields. It is worth acknowledging that the inflows differed across countries and assets. While the US led the inflows, probably influenced by the recent friendly stance of the government, Canada recorded the least inflows. The digital asset investment inflows recorded for the US, Germany, Australia, Hong Kong, and Canada were $3.2 billion, $41.5 million, $10.9 million, $33.3 million, and $100,000, respectively. Bitcoin BTC $96 611 24h volatility: 2.1% Market cap: $1.92 T Vol. 24h: $29.09 B…
Filed under: News - @ May 26, 2025 1:25 pm