XRP funds up despite crypto ETPs posting $446 million in weekly outflows: CoinShares

Overall crypto exchange-traded products (ETPs) experienced $446 million in outflows for the second consecutive week, primarily driven by selling in Bitcoin and Ethereum products, according to CoinShares data. This brings total outflows since the October 10 market shock to $3.2 billion. Despite the bearish sentiment, XRP funds were a notable exception, recording $70 million in inflows, with Franklin Templeton's XRP ETF contributing $28.6 million of that. The U.S. market led global outflows with $460 million, but Germany stood out by attracting $35.7 million in inflows, suggesting local investors are accumulating positions amid price weakness. CoinShares noted that year-to-date flows remain high at $46.3 billion, though AUM growth is only 10%, indicating that the average investor has not seen positive returns when accounting for outflows.

(Source：The Block)