XRP Among Top Altcoin Winners in Digital Asset Investment Surge: CoinShares

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Alex Dovb­nya

XRP emerged as one of top win­ners in recent surge of dig­i­tal asset invest­ment prod­ucts, which saw turn­around after six weeks of outflows

Dig­i­tal asset invest­ment prod­ucts expe­ri­enced a remark­able turn­around after six weeks of out­flows total­ing $408 mil­lion. Accord­ing to Coin­Shares’ lat­est report, recent inflows amount­ed to $160 mil­lion, the largest week­ly gain since July 2022.

Amid this surge, XRP emerged as one of the top win­ners among alt­coins with inflows of $1.2 million.

The con­tro­ver­sial token, which is linked to blockchain com­pa­ny Rip­ple Labs, is cur­rent­ly trad­ing at $0.48, up rough­ly 6.3% in the past few hours and about 24% over the past week.

As report­ed by U.Today, XRP-friend­ly lawyer John Deaton sug­gest­ed that the XRP price could poten­tial­ly surge if Rip­ple Labs pre­vails in its ongo­ing legal bat­tle with the U.S. Secu­ri­ties and Exchange Com­mis­sion (SEC).

The extreme­ly impor­tant court deci­sion, which is expect­ed with­in the next few weeks, could pro­vide much-need­ed clar­i­ty for XRP’s future growth and sig­nif­i­cant­ly impact the broad­er cryp­tocur­ren­cy market.

Notably, inflows were recent­ly observed across mul­ti­ple coun­tries, indi­cat­ing a broad improve­ment in sen­ti­ment in the asset class. The Unit­ed States, Ger­many and Cana­da led the charge with inflows of $69 mil­lion, $58 mil­lion and $26 mil­lion, respectively.

Bit­coin, the flag­ship cryp­tocur­ren­cy, was the pri­ma­ry ben­e­fi­cia­ry, receiv­ing inflows of $128 mil­lion. Alt­coins such as Solana and Poly­gon also expe­ri­enced sig­nif­i­cant inflows, with $4.8 mil­lion and $1.9 mil­lion, respec­tive­ly. These invest­ment surges come amid increas­ing investor con­cerns about sta­bil­i­ty in the tra­di­tion­al finance sector.

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