NewsletterRipple Coin Outpaces BTC & Ether In This Metric
Highlights
- XRP outpaces Bitcoin and Ether by recording weekly inflows, whereas the other two recorded weekly outflows worth $6 million and $26.7 million.
- Even the month-to-date digital asset funds flow data showed that XRP surpassed BTC and ETH.
- However, weekly price gains for Bitcoin and ETH undermined that of Ripple's coin.
Ripple coin continues stirring up optimism among crypto traders and investors globally, now outpacing Bitcoin & Ether in a key metric. According to the latest digital asset fund flow statistics shared by CoinShares, the American blockchain company’s native coin has recorded constant inflows despite the broader market uncertainty. However, BTC and ETH recorded weekly outflows worth $6 million and $26.7 million, respectively.
Ripple Coin Zooms Past BTC & Ether, Records Consecutive Inflows
As per CoinShares data shared on April 24, XRP stood strong despite the broader market volatility and recorded weekly inflows worth $37.7 million. Digital asset products as a whole saw net inflows of only $6 million.
Besides, Solana and Cardano products recorded weekly inflows worth 0.3 million. However, Sui recorded $1.1 million worth of outflows in the same duration.
It’s noteworthy that Ripple’s coin recorded weekly inflows worth $3.5 million the previous week as well. However, BTC and Ether yet again reported net outflows worth $751 million and $37.6 million in the same duration.
Meanwhile, XRP continues to make news, also recording month-to-date inflows worth $39 million. On the other hand, BTC & Ether registered month-to-date outflows worth $894 million and $115.5 million, respectively.
Altogether, recent digital asset fund flow statistics indicated that XRP outperformed BTC & Ether in terms of inflows recorded.
How Are Bitcoin, ETH, and XRP Performing?
At the time of reporting, BTC price witnessed a 1% drop intraday and exchanged hands at $92,688. However, the weekly chart for the flagship crypto flagged gains worth 9%.
Ethereum price also tanked nearly 3% in the past 24 hours and closed in at $1,755. Nevertheless, even ETH’s weekly price chart indicated gains worth 10%.
Even XRP price dropped 5% over the past day and is currently resting at $2.16. Weekly gains for Ripple’s coin, however, remained undermined by those of BTC and Ether, up only 2.5%.
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