XRP, Solana Lead as Crypto Inflows Exceed $2B
The post XRP, Solana Lead as Crypto Inflows Exceed $2B appeared on BitcoinEthereumNews.com.
Key Notes Digital asset inflows hit $2 billion last week, marking a third week of gains. The largest cryptocurrency, Bitcoin, led with $1.84 billion, pushing its YTD inflows to $5.58 billion. Alcoins like XRP and Solana saw renewed interest, recording $10.5 million and $6 million in inflows, respectively. Global investment in digital asset products managed by leading firms saw a strong recovery last week, with inflows surpassing $2 billion. This will mark the third consecutive week of positive momentum. Per current market data, Bitcoin, the largest cryptocurrency, remained the key driver. However, alternative digital assets like Solana SOL $150.7 24h volatility: 2.6% Market cap: $78.04 B Vol. 24h: $3.80 B and Ripple Labs‘ linked coin XRP XRP $2.22 24h volatility: 0.8% Market cap: $129.99 B Vol. 24h: $2.17 B drew notable investor attention. Bitcoin Leads, but XRP and Solana Gain Traction According to the latest CoinShares report, Bitcoin led the surge with $1.84 billion in fresh inflows last week. This marks the second consecutive week that Bitcoin has taken the lead. In a previous update, Coinspeaker reported that Bitcoin-linked investment products had attracted $3.18 billion. Per the update, this recent Bitcoin BTC $96 611 24h volatility: 2.1% Market cap: $1.92 T Vol. 24h: $29.09 B investment brought its total year-to-date inflows to $5.58 billion. The growth helped drive total Assets Under Management (AUM) across digital asset funds to $156 billion, the highest since mid-February. However, this week’s renewed focus on altcoins, particularly XRP and Solana, stood out. As detailed, XRP saw $10.5 million in inflows, making it one of the top-performing altcoins over the week. Its year-to-date total now stands at $256 million. As of writing, the XRP price was trading at $2.14. Solana followed with $6 million in new investments, pushing its year-to-date total to $80 million. Notably, the…
Filed under: News - @ May 5, 2025 4:21 pm