XRP ETFs Outpace Bitcoin as Crypto Funds Bounce Back After Down Week
Why it matters: XRP's unexpected lead in crypto fund inflows signals a shift in investor focus beyond Bitcoin, attracting $224 million last week.
- XRP led $224 million in weekly inflows into global crypto funds, outpacing Bitcoin and Ether, according to CoinShares and Cointelegraph.
- Spot Bitcoin ETFs experienced their largest single-day inflow in six weeks, adding $471 million, as reported by Decrypt and The Block.
- Crypto's $224 million inflow rebound was primarily driven by one country and XRP, according to CoinDesk.
- Bitcoin sentiment remained mixed, and Ether lagged in performance despite the overall positive fund flows, per CoinShares.
While Bitcoin typically dominates crypto ETF investments, XRP surprisingly spearheaded a $224 million rebound in global crypto fund inflows last week, with CoinShares noting mixed sentiment for Bitcoin and lagging Ether performance. Despite XRP's lead in weekly inflows, Bitcoin spot ETFs still recorded a substantial single-day inflow of $471 million, marking their largest haul since February.
