XRP Outpaces Bitcoin & Ethereum In Weekly Inflows, What’s Next?
The post XRP Outpaces Bitcoin & Ethereum In Weekly Inflows, What’s Next? appeared on BitcoinEthereumNews.com.
XRP has gained notable traction over the past few days with its robust rally and other market developments. Amid this, a recent report showed that Ripple’s native crypto outpaced Bitcoin and Ethereum, in terms of money flow, last week. This has sparked discussions in the crypto community, especially as industry experts eye a potential rally in the asset’s price ahead. XRP Outpaces Bitcoin & Ethereum With Robust Weekly Inflow Meanwhile, a recent report from CoinShares Digital Asset Fund Flows showed that Bitcoin recorded an outflow of $25 million last week. On the other hand, Ethereum saw a $2 million influx while Solana noted an outflow of $0.4 million. However, despite the gloomy picture, XRP emerged as one of the leading altcoins with the highest influx. According to the data, Ripple’s native crypto saw an inflow of $5.7 million, surpassing both BTC and ETH. This development appears to have further fueled the market sentiment towards the crypto, especially amid soaring interest in the digital assets space. However, in the first three trading days of 2025, Bitcoin and Ethereum appeared to have regained momentum with inflows of $573 million and $11 million, respectively. XRP saw a muted flow in the same time frame. Meanwhile, the report showed that digital asset investment products witnessed a record-breaking $44.2 billion in inflows globally in 2024, nearly four times the previous record set in 2021. Despite last week’s outflux, Bitcoin emerged as the clear winner, attracting $38 billion in inflows in 2024, which represents 29% of the total assets under management (AuM). On the other hand, Ethereum also saw a resurgence, with full-year inflows reaching $4.8 billion, 2.4 times the total seen in 2021. The report also noted that altcoins, excluding Ethereum, saw inflows of $813 million in 2024, representing just 18% of AuM. Can Ripple’s…
Filed under: News - @ January 6, 2025 4:22 pm