XRP’s 1,220% Spike, What’s Going On And Who’s Driving The Growth?
XRP investment products witnessed a notable spike in inflows last week. CoinShares data shows that XRP products attracted $39.6 million last week, a 1,220% jump from the modest $3 million recorded in the previous week. The move came as digital asset investment products posted their sixth straight week of inflows, bringing in $857.9 million across the market. The broader tone was helped by improving sentiment around the CLARITY Act, especially after lawmakers reached a compromise on stablecoin yield rules. Spot XRP Inflows Jump 1,220% CoinShares’ latest weekly flow data shows XRP-based exchange-traded products received $39.6 million in inflows last week, compared to only about $3 million in the prior week. That is a 1,220% increase in seven days and brings XRP’s year-to-date flow to $191 million. XRP’s assets under management also climbed to about $2.56 billion, placing it among the strongest non-Bitcoin crypto investment products in the latest report. Related Reading: Pundit Says XRP A