Institutional XRP inflows surge as AUM nearly doubles
Institutional investors have rallied around XRP and other altcoins this past week, with nearly $33 million being injected in XRP investment products. Institutional investors have rallied around XRP this past week, with the assets under management, or AUM, or XRP investment products nearly doubling.According to CoinShares’ weekly digital asset fund flows report, roughly $33 million flowed into XRP products this week, pushing the sector’s AUM up to $83 million.The report describes the week as the most bullish for institutional crypto products since early March, with $233 million injected in....
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While institutional Bitcoin products have experienced outflows for 13 of the past 17 weeks, the sector has now seen three straight weeks of inflows. Institutional investors were buying the dip on the back of China’s latest FUD, with digital asset investment products generating $95 million worth of inflows last week. According to CoinShares’ Sept. 27 Digital Asset Fund Flows Weekly report, a surge in dip buying helped drive a sixth consecutive week of inflows for institutional crypto investment products broadly.The $95 million worth of inflows between Sept. 20 and Sept. 24 marks a 126%....
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