XRP News Today: Ethereum Sees $700 Million ETF Inflows Driven by Upgrade and Regulatory Outlook

Ethereum has seen a significant influx of capital, with $700 million in ETF inflows, of which $393 million was attributed to large investors, commonly referred to as whales. This surge in investment is likely driven by the upcoming Pectra upgrade and the improving regulatory outlook in the US, particularly the SEC's softer stance on decentralized finance (DeFi).

While Ethereum remains a favorite among institutional investors, other cryptocurrencies have also attracted substantial interest. XRP, for instance, recorded $19 million in inflows in early June. Additionally, there are circulating rumors about a potential XRP ETF from BlackRock, and Nasdaq-listed Weebis International has plans for a $300 million XRP-backed reserve. These developments suggest a growing institutional appetite for XRP, despite its regulatory challenges.

Hedera's HBAR has also seen a notable increase in investment, with approximately $185 million in inflows. This surge is likely tied to enterprise adoption, AI use case partnerships, and the launch of a 21Shares ETP on Euronext. The cryptocurrency's focus on enterprise solutions and partnerships with AI companies has made it an attractive option for smart money.

SUI has also experienced a significant boost, with a 300% surge in trading volume coinciding with Nasdaq’s filing for a 21Shares spot SUI ETF. Furthermore, its Total Value Locked (TVL) is climbing back toward $2 billion, likely fueled by the ETF narrative. This suggests that smart money is betting on SUI's potential for growth and its utility in the cryptocurrency market.

The altcoin market is showing signs of warming up, with smart money strategically deploying capital across a mix of safe large-cap bets, narrative-driven assets, enterprise-focused projects, and emerging breakout L1s. This trend is evident in the recent inflows into ETH, XRP, HBAR, and SUI, which are all driven by different narratives and use cases.

The Bitcoin dominance metric fell to about 63% at the start of this month, before rising to close to 65% as of today. Past trends had similar dips, which were preceded by major altcoin rallies. At the moment, altcoin trading volume is up by approximately 9%. This suggests that capital is moving away from Bitcoin into assets with stronger yield and utility narratives.

However, there is always regulatory sensitivity present, primarily for XRP and SUI ETF outcomes. Depending on the SEC decisions, any delays or rejections could reverse recent momentum. In the end, ETH leads and draws the most capital, but XRP, HBAR, and SUI follow with seemingly specialist narratives, particularly in staking, enterprise, and tokenized access.