XRP End 80-Week Inflow Streak as Bitcoin and Crypto Investment Products Attract $3.3B
XRP saw its first weekly outflow in 80 weeks as the global crypto investment products extended their inflow streak to six weeks.
Investors have again shown keen interest in cryptocurrencies and investment vehicles tracking the sector. Last week’s stellar Bitcoin and crypto price performance attracted massive inflows into digital asset investment products and extended their positive streak.
Specifically, a CoinShares Monday report shows that the crypto products globally recorded a net inflow of $3.3 billion the previous week. This ensured a six-week consecutive inflow, bringing the total inflow to $10.8 billion year-to-date and a record $187.5 billion in assets under management (AUM).
Meanwhile, the…
