XRP Leaves ADA, LTC, SOL in Dust with $246 Million Inflows

  • XRP outperforms ADA, LTC, SOL by inflows
  • Bitcoin ETFs scoop up $3.06 billion in one week

A report published by CoinShares has revealed that XRP has outperformed several other top altcoins in terms of institutional inflows. Among six large-cap coins, XRP has scored the largest inflows in the past week.

Still, as could be expected, the Bitcoin and Ethereum giants have left XRP in the dust.

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XRP outperforms ADA, LTC, SOL by inflows

CoinShares’ report revealed that over the past seven days, XRP-based products have absorbed a massive $31.6 million inflows from institutional investors. Monthly inflows amount to $70.7 million, while year-to-date ones constitute a massive $246 million. This sum left its crypto rivals far behind.

Meanwhile, Litecoin, Pyth and Cardano products have seen zero inflows. LTC lost $0.3 million month-to-date. Sui is lagging behind XRP, with $20.7 million that came in last week and a total of $72 million YTD. Over the past month, this coin has welcomed $14.7 million.

As for Solana, last week and month it faced outflows of $5.7 million and $13.9 million, respectively.

The largest inflows went into Bitcoin and Ethereum – $3.188 billion and $183 million, respectively. Today, the fourth-largest cryptocurrency, XRP, demonstrated a price spike of 4.26%, soaring from $2.23. As of press time, XRP is changing hands at $2.33 per token.

This also marks an impressive 7.77% price increase since Sunday, when XRP traded at $2.16.

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Bitcoin ETFs scoop up $3.06 billion in one week

Most of the aforesaid billions of dollars flowed into spot Bitcoin exchange-traded funds last week, according to the data provided by additional sources. Analytics account on X social media platform Lookonchain shows that, in total, those ETF received 29,321 BTC, totaling slightly under $3 billion.

However, data shared by Chinese cryptocurrency journalist and blogger Colin Wu named a slightly higher amount – $3.06 billion. Wu calls this the second-biggest weekly inflow since ETF launch in January 2024.

Today, on Monday, April 28, the world’s leading cryptocurrency, Bitcoin, has displayed a significant price surge of 2.34%, rising from $92,980 to the $95,250 level, where it is changing hands at press time.

Thus, Bitcoin has reclaimed the price mark lost on Friday due to a 2.64% decline.

Source: https://u.today/xrp-leaves-ada-ltc-sol-in-dust-with-246-million-inflows