XRP Triples Funds Inflows in One Week, Remains Strong Despite Bear Market

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Gamza Khan­zadaev

XRP con­tributes to inflows in cryp­to prod­ucts with triple week­ly increase

Despite poor funds flows into cryp­to-ori­ent­ed prod­ucts, XRP has seen a three-fold increase in inflows, Coin­Shares report­ed. While the week before last saw a fund inflow of $100,000 into XRP-focused cryp­to prod­ucts, this time it was already $300,000.

XRP remains one of the few cryp­tocur­ren­cies prod­ucts that has con­tin­ued to attract funds for the past six weeks. Despite neg­a­tive mar­ket dynam­ics and the ongo­ing SEC v. Rip­ple lit­i­ga­tion, with reg­u­la­tors’ plans to have XRP rec­og­nized as a secu­ri­ty, the project con­tin­ues to stay afloat.

Funds inflows into XRP-ori­ent­ed prod­ucts are also up $500,000 month over month. Year over year, the data is even bet­ter, with a sur­plus of $8.5 million.

Crypto assets flows last week

In addi­tion to XRP, cryp­to prod­ucts focused on Bit­coin, Short Bit­coin, Solana and Car­dano also had pos­i­tive funds flow val­ues. The over­all result of the week was a $7.3 mil­lion fund flow sur­plus, the first in the last six weeks.

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Despite the pos­i­tive val­ues, the Coin­Shares ana­lyst notes mixed sen­ti­ment on the cryp­to mar­ket, as well as a lack of engage­ment among investors. The same is reflect­ed in the simul­ta­ne­ous inflow of funds to both Bit­coin itself and its Short variant.

In addi­tion, it is worth not­ing the sec­ond in a row week­ly out­flow of $15.4 mil­lion from Ethereum, a reflec­tion of investors’ views on the blockchain’s tran­si­tion to the proof-of-stake con­sen­sus. Cryp­to enthu­si­asts remain cau­tious in the cur­rent mar­ket, the ana­lyst highlights.

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