Litecoin

Bitcoin

Million

Chainlink

<figure>
 <figcaption>
  Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
<p dir="ltr">In a market environment marked by cautious sentiment and shifting investor behavior, digital asset investment products recorded outflows for the second straight week, totaling $206 million. Despite this, XRP emerged as an exception, with $1.3 million in inflows, defying the broader trend.</p>
<h2 dir="ltr" id="trading-volumes-dip">Trading volumes dip</h2>
<p dir="ltr">According to CoinShares' latest&nbsp;<a href="https://blog.coinshares.com/volume-179-digital-asset-fund-flows-weekly-report-84f3312ba409" rel="noopener noreferrer nofollow">report</a>, trading volumes in digital asset exchange-traded products (ETPs) experienced a slight decline, reaching $18 billion. These volumes accounted for 28% of total Bitcoin trading volumes, down from 55% a month ago. Bitcoin, which continues to dominate the market, witnessed outflows of $192 million.</p>
<p dir="ltr">However, short-Bitcoin products saw only $0.3 million in outflows, indicating a lack of interest among investors to capitalize on the negative sentiment. The negative sentiment was predominantly driven by U.S. ETFs, which saw outflows of $244 million. Established ETFs were the hardest hit, while newly issued ETFs continued to attract inflows, albeit at a reduced rate compared to previous weeks.</p>
<p dir="ltr">Meanwhile,&nbsp;<a href="https://u.today/ethereum-etf-not-happening-in-may-top-analyst-claims" rel="noopener noreferrer nofollow">Ethereum</a> recorded outflows of $34 million, marking its sixth consecutive week of negative flows. Multi-asset products, however, showed improved sentiment, with inflows of $9 million last week. Litecoin and Chainlink also saw positive inflows of $3.2 million and $1.7 million, respectively.</p>
<h2 dir="ltr" id="xrp-stands-out">XRP stands out</h2>
<p dir="ltr">Amid the broader outflow trend, XRP stood out with $1.3 million in inflows. This unexpected surge in interest could be attributed to specific factors driving demand for XRP. One potential factor could be the growing adoption of&nbsp;<a href="https://u.today/ripple-v-sec-pivotal-filing-countdown-begins" rel="noopener noreferrer nofollow">Ripple</a>'s technology solutions, particularly its cross-border payment platform.</p>
<p dir="ltr">In addition to the influx of $1.3 million in inflows, XRP's price performance further underscores its resilience and attractiveness to investors. Currently priced at $0.5336, XRP has seen a modest increase of 0.82% in the last 24 hours and a more significant gain of 3.01% over the past week.</p>
<p dir="ltr">The 24-hour trading volume of XRP has also surged, rising by 12.61% and reaching $1,129,623,228. This increase in trading volume indicates heightened activity and interest in XRP, suggesting that the asset continues to capture the attention of both short-term traders and long-term investors.</p>

XRP Bucks Trend With $1.3 Million Inflows as Bitcoin Outflows Continue

目次

U_Today

2024年4月22日公開の他の記事

SEC prosecutors quit after ‘abuse of power’ in DEBT Box case

Hut 8 Receives ‘Buy’ Rating from Benchmark with $12 Price Target

Melania Trump Introduces Customizable Mother’s Day Necklaces with NFT Twist

Top 3 Cryptocurrencies to Monitor in April, Including Retik Finance (RETIK), Shiba Inu, and Pepe ...

Bitget PoolX Lists Apu Apustaja (APU) for Stake-to-Mine Rewards (22 Apr)

Magic Eden Launches Bitcoin Runes Platform

ニュースレターを購読して暗号資産の最新情報を毎日入手！