XRP’s ETF inflows outpace Bitcoin and Ethereum for second week in a row

XRP’s exchange-traded fund (ETF) performance significantly outperformed Bitcoin and Ethereum for the second week in a row, reflecting growing institutional investor interest in the currency.

According to the latest data released by the “SosoValue” platform, the digital currency XRP recorded positive cash inflows this week, while Bitcoin and Ethereum experienced continued outflows.

Despite limited price movements this week, XRP attracted a total of $12.57 million in new investments, demonstrating continued confidence in the currency from institutional investors.

Data shows that XRP has experienced positive capital inflows every day throughout the week, with total inflows reaching $12.57 million as of Friday, May 23.

On the other hand, both Bitcoin and Ethereum continued to record daily outflows, with Bitcoin losing approximately $1.15 billion per week, while Ethereum recorded an outflow of $209.32 million during the same period.

This performance solidifies XRP’s status as one of the most prominent digital currencies in the short-term ETF market, especially given the continued institutional interest in it despite the general decline in the cryptocurrency market.

In terms of price, XRP remained stable below $1.40 throughout the week due to the dominant market sentiment and negative trading trends.

However, the weak price performance appears to have had a greater impact on individual investors, while institutional investors have maintained their interest in the currency, albeit at a muted level.

Market participants remain optimistic about the possibility of an XRP price breakout in the coming period.

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