XRP News Today: Crypto Funds Attract $882 Million Inflows, Bitcoin Leads With $867 Million

Last week, a significant influx of new capital was directed towards crypto funds, with investment products attracting over $880 million. This surge in investment has brought the year-to-date inflows to $6.7 billion, indicating a strong and sustained interest in the crypto market. Prices for major cryptocurrencies have been trending upward, with Bitcoin temporarily reaching $105,000 and Ethereum being traded above $2,600. This price movement suggests that investors are seizing the opportunity while the market remains favorable.

According to the latest data, $882 million was invested in crypto products last week, marking the fourth consecutive week of inflows. While this may not significantly impact the broader markets, it underscores the continued flow of capital into the crypto sector. Managers have gathered $6.7 billion in net new cash so far this year, demonstrating a steady stream of new capital flowing towards these funds.

Bitcoin funds were the primary beneficiaries of these inflows, with $867 million invested. A substantial portion of this capital went into US-listed ETFs, which have gathered nearly $63 billion since January 2024. This figure surpassed the previous all-time high of $61.6 billion set in February. In contrast, Ethereum products only took in $1.5 million last week, highlighting where most investors still feel safest.

Some of the smaller coins also attracted attention. Sui, for instance, drew $11.7 million in just one week, surpassing Solana and Ethereum during that span. Its year-to-date figure stands at $84 million, narrowly ahead of Solana’s $76 million. XRP also posted $1.4 million of weekly inflows, bringing its year-to-date total to $258 million. XRP’s assets under management are currently at $1.35 billion. Other altcoins showed only small moves, indicating that investors are being selective rather than spreading their investments widely.

The United States dominated the regional flows, accounting for $840 million of last week’s total. Germany and Australia followed with $44 million and $10 million, respectively. Conversely, Sweden experienced the largest outflows at $12 million. These numbers underscore the dominance of the US market, led by major players such as BlackRock. BlackRock’s iShares Bitcoin ETF was the best performer, bringing in over $1 billion last week. This gain was partially offset by $257 million in outflows from providers like Grayscale and Bitwise, suggesting that one provider’s large gain can be equaled by several others’ losses.

Behind these flows are broader trends in money and policy. The global M2 money supply continues to expand, adding more cash to the system. Meanwhile, concerns about slow US growth and high inflation are pushing some investors into crypto as a hedge or alternative store of value. This shift in investor sentiment is likely to continue driving inflows into the crypto market.