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XRP sees investor demand rise during one of the largest outflow runs since 2018

XRP sees investor demand rise during one of the largest outflow runs since 2018

Bitcoin and Ethereum were hit hard during the recent pullback.

XRP was one of the few major digital assets to record net inflows last week. CoinShares Research reported that around $89 million moved into XRP investment products, while most other large-cap tokens experienced heavy withdrawals.

Still, XRP’s positive flow was insufficient to offset losses on other digital assets. Digital asset investment products experienced large-scale outflows totaling $1.9 billion last week, marking a four-week cumulative outflow of $4.9 billion, one of the largest since 2018.

Bitcoin saw the majority of outflows totaling $1.3 billion last week, but also recorded the largest rebound on Friday with $225 million in inflows.

Ethereum saw outflows totaling $589 million, representing 7.3% of assets under management, while Solana saw outflows of $156 million.

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.

XRP sees investor demand rise during one of the largest outflow runs since 2018

XRP sees investor demand rise during one of the largest outflow runs since 2018

Bitcoin and Ethereum were hit hard during the recent pullback.

XRP was one of the few major digital assets to record net inflows last week. CoinShares Research reported that around $89 million moved into XRP investment products, while most other large-cap tokens experienced heavy withdrawals.

Still, XRP’s positive flow was insufficient to offset losses on other digital assets. Digital asset investment products experienced large-scale outflows totaling $1.9 billion last week, marking a four-week cumulative outflow of $4.9 billion, one of the largest since 2018.

Bitcoin saw the majority of outflows totaling $1.3 billion last week, but also recorded the largest rebound on Friday with $225 million in inflows.

Ethereum saw outflows totaling $589 million, representing 7.3% of assets under management, while Solana saw outflows of $156 million.

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.