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02/05/2024

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XRP and Cardano See Green Amid 708 Million Dollars ETF Surge

Crypto News– Amid a dynamic week in the digital asset investment landscape, the crypto exchange-traded fund (ETF) market witnessed a significant surge, as reported by CoinShares, with total inflows soaring to...

XRP and Cardano See Green Amid 708 Million Dollars ETF Surge

Crypto News– Amid a dynamic week in the digital asset investment landscape, the crypto exchange-traded fund (ETF) market witnessed a significant surge, as reported by CoinShares, with total inflows soaring to an impressive $708 million. This surge pushed year-to-date inflows to a staggering $1.6 billion.

XRP and Cardano See Green Amid 708 Million Dollars ETF Surge

While Bitcoin continued to dominate the scene, capturing a substantial 99% of total weekly inflows with a remarkable $703 million, altcoins also garnered attention. Particularly noteworthy were XRP and Cardano, which stood out as top performers in terms of fund flows.

XRP-focused investment products experienced a notable turnaround, with $100,000 in fund inflows, marking a significant shift from the previous week’s outflows of $400,000. Year-to-date inflows for XRP now stand at an impressive $3 million.

Similarly, Cardano showcased a substantial resurgence, with $600,000 in fund inflows last week, a remarkable turnaround from the previous week’s outflows of $400,000. Year-to-date inflows for Cardano now total an impressive $5 million. In comparison to other altcoins, Solana emerged as a notable contender, boasting $4 million in year-to-date inflows. These trends position XRP and Cardano as leaders in the altcoin resurgence, highlighting their resilience and appeal to investors.

BUSD Stablecoin does not Take Place Top 10 Cryptocurrencies by Market Cap

XRP and Cardano See Green Amid 708 Million Dollars ETF Surge
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