XRP stands out with $1.3 million inflows as digital asset outflows continue
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In a market environment marked by cautious sentiment and shifting investor behavior, digital asset investment products recorded outflows for the second straight week, totaling $206 million. Despite this, XRP emerged as an exception, with $1.3 million in inflows, defying the broader trend., trading volumes in digital asset exchange-traded products experienced a slight decline, reaching $18 billion. These volumes accounted for 28% of total Bitcoin trading volumes, down from 55% a month ago.
However, short-Bitcoin products saw only $0.3 million in outflows, indicating a lack of interest among investors to capitalize on the negative sentiment. The negative sentiment was predominantly driven by U.S. ETFs, which saw outflows of $244 million. Established ETFs were the hardest hit, while newly issued ETFs continued to attract inflows, albeit at a reduced rate compared to previous weeks.recorded outflows of $34 million, marking its sixth consecutive week of negative flows.
The 24-hour trading volume of XRP has also surged, rising by 12.61% and reaching $1,129,623,228. This increase in trading volume indicates heightened activity and interest in XRP, suggesting that the asset continues to capture the attention of both short-term traders and long-term investors.With over three years of immersive experience in the crypto industry, Mushumir is a seasoned crypto writer dedicated to unraveling the complexities of blockchain technology and decentralized finance.
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