XRP sees investor demand rise during one of the largest outflow runs since 2018
Key Takeaways
- XRP experienced notable inflows of $89 million last week despite large-scale market outflows.
- Digital asset investment products faced $1.9 billion in outflows, the third-largest run since 2018.
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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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