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XRP Bucks the Trend as Crypto Funds See $1.94 Billion Weekly Outflows

BeInCrypto
Crypto funds saw $1.94 billion in outflows last week, but XRP attracted $89.3 million in inflows, defying the broader market trend.

Summary

Digital asset investment funds experienced significant capital flight last week, recording $1.94 billion in outflows, marking the third-largest weekly streak since 2018. This outflow trend, totaling $4.92 billion over four weeks, was largely driven by US-based funds amid Federal Reserve policy uncertainty. In stark contrast to the broader market, XRP was the only major digital asset to see positive investment, attracting $89.3 million in inflows. Bitcoin and Ethereum both faced substantial withdrawals. Analysts suggest XRP's divergence is due to Ripple's aggressive infrastructure expansion, including major acquisitions for custody and stablecoin services, positioning XRP as foundational to global finance. Furthermore, reports indicate large investors, or whales, have accumulated $7.7 billion worth of XRP over three months, often preceding significant price movements. While Friday saw a slight rebound with $258 million in total inflows, the long-term market sentiment remains contingent on macroeconomic factors and Fed updates.

(Source:BeInCrypto)