XRP News Today: Crypto Funds See $3.7 Billion Inflow as Bitcoin and Ethereum Dominate

Crypto funds experienced a significant surge in inflows, totaling $3.7 billion for the week, marking the second-largest inflow on record. This substantial investment reflects a strong bullish sentiment among investors, particularly as Bitcoin (BTC) and Ethereum (ETH) continued to dominate the market with substantial inflows. The surge in inflows was driven by a combination of factors, including the continued rise in Bitcoin's price to new all-time highs and positive developments in the crypto market.

Bitcoin saw an inflow of $2.7 billion, indicating a high level of interest and confidence among investors. This inflow was supported by strong inflows into Bitcoin ETFs and the expansion of corporate Bitcoin treasuries. Ethereum maintained its positive momentum with $990 million in inflows, marking the fourth-largest inflow on record. The demand for Ethereum surpassed that of Bitcoin, accounting for 19.5% of its assets under management (AuM) compared to 9.8% for Bitcoin.

Institutional demand for Solana (SOL) also continued, with $92.6 million in inflows. This was driven by factors such as the launch of the Rex-Osprey Solana Staking ETF (SSK), the introduction of Solana-based tokenized stocks, and positive sentiment surrounding the potential approval of a spot Solana ETF. Meanwhile, XRP saw an outflow of $104 million despite positive developments related to the Ripple vs. SEC lawsuit and high odds of XRP ETF approval in the United States. However, the XRP price rallied by 30% in a week, indicating strong investor interest.

Institutional investors in the United States were largely bullish, with spot Bitcoin and Ethereum ETFs, along with other funds, seeing a net inflow of $1.25 billion. Switzerland and Canada also posted inflows of $65.8 million and $17.1 million, respectively. In contrast, crypto funds in Germany, Sweden, and Brazil recorded outflows.

Experts such as Binance founder Changpeng “CZ” Zhao, Ark Invest CEO Cathie Wood, and Rich Dad Poor Dad author Robert Kiyosaki expressed bullish sentiment as Bitcoin price hit an all-time high above $123,000. Robert Kiyosaki believed that Bitcoin price could rally further and continued to recommend buying Bitcoin. Cathie Wood predicted that Bitcoin could reach $3.8 million by 2030, driven by institutional and corporate adoption. CZ reaffirmed that Bitcoin and other top crypto prices were still in the dip and advised the crypto community to buy, as there will always be dips before the next all-time high.

In summary, the significant inflows into crypto funds, particularly into Bitcoin and Ethereum, reflect a strong bullish sentiment among investors. The continued rise in Bitcoin's price and positive developments in the crypto market have fueled this sentiment. Institutional investors, particularly in the United States, have shown strong interest in crypto funds, with substantial inflows into spot Bitcoin and Ethereum ETFs. Experts remain optimistic about the future of the crypto market, predicting further price rallies and increased adoption.