The post XRP Becomes Institutional Favorite After ETH With Massive $105M Inflows appeared on BitcoinEthereumNews.com.

The latest data shows that XRP’s institutional inflow has become the third largest behind Bitcoin and Ethereum, as $530 million flowed into the market last week.  The US is reported to have contributed the biggest share with $474 million inflows, while Europe provided $78 million.  XRP has become the second most sought-after altcoin by institutional investors, just behind Ethereum, according to the latest report by crypto asset management giant CoinShares. As published on their official website, the crypto market saw a $530 million investment last week by institutions. Fascinatingly, this was recorded against the severe market downturn. Later, the market bounced back with an inflow of $1 billion, taking the year-to-date amount to $5.3 billion. Comparatively, 2024 recorded a total inflow of $44 billion. Digital asset investment products saw inflows totalling $527m last week. However, intraweek flows reflected volatile investor sentiment, heavily influenced by broader market concerns, such as the DeepSeek news, which triggered $530m in outflows on Monday. Despite this initial sell-off, the market rebounded with over $1 billion in inflows later in the week. Given the $44 billion in inflows seen in 2024, US$5.3 billion inflows year-to-date (YTD) and significant price gains, the current sell-off is not unexpected. Breakdown of the Data As usual, Bitcoin recorded the lion’s share with a total inflow of $486 million, followed by Ethereum. According to the report, XRP had an inflow of $14.7 million, taking its year-to-date amount to $105 million, just behind Ethereum, which recorded a yearly inflow of $177 million. In terms of regions, the US contributed a total inflow of $474 million, while Europe had $78 million Source: CoinShares Aligning with this development, XRP’s Total Value Locked (TVL) is also reported to have surpassed $80 million, as indicated in our earlier discussion. Amid the backdrop of these, the price of…

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Filed under: News - @ February 4, 2025 7:26 pm