XRP Demand Builds on ETF ‘Optimism’ as Ethereum Funds Bleed $255 Million
Recent trends in the crypto market show mixed results for investment products. Last week, digital asset investment products attracted only $48 million in inflows, with Bitcoin products pulling in $214 million while Ethereum experienced a significant outflow of $255 million. Investor confidence waned due to macroeconomic uncertainty following hawkish signals from the Federal Reserve regarding potential inflation under President-elect Donald Trump. XRP, however, has shown resilience, gathering $41 million as optimism grows around upcoming approvals for ETF applications. Data from CoinShares indicates that despite $940 million being withdrawn from digital assets, XRP’s performance reflects a positive outlook as the deadline for ETF approvals approaches. The volatile crypto market is still mindful of macroeconomic factors, which could restrict Bitcoin’s price growth, but analysts expect inflows into Bitcoin ETFs to outpace last year as the approval process progresses.
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