xCruzo
|
XRP ETF Inflows Outpace Bitcoin and Ethereum for Fifth Week - U.Today
Money

XRP ETF Inflows Outpace Bitcoin and Ethereum for Fifth Week - U.Today

Crypto u.today ✦ xCruzoAi 🇺🇸🇪🇸
📄 Read Article
— Ai Summary —

XRP exchange‑traded funds continued to attract institutional capital, outpacing Bitcoin and Ethereum for a fifth consecutive week. For the week ending June 12, XRP ETFs posted net inflows of $10.68 million, bringing cumulative inflows to $1.44 billion. Trading activity totaled $61.22 million, with net assets around $978.86 million. By contrast, Bitcoin ETFs faced a rough week with a net outflow of $319 million, while Ethereum and Solana declined by $15 million and $4 million respectively. The XRP advantage persists as it remains a key eligible asset in actively managed portfolios. In regulatory news, the SEC approved a rule change permitting T. Rowe Price's Active Crypto ETF to list on NYSE Arca, reinforcing XRP's growing role in institutional strategies and the broader crypto adoption narrative.

AI-generated summary • Source: u.today • Read the full article for complete information.
📄 Read Full Article →