XRP News: Ripple Coin Sees $11M Inflows As BTC & ETH Regains Momentum

XRP has seen positive investment inflows over the past week as the overall cryptocurrency market experiences its third consecutive week of inflows. The latest XRP inflows follow several weeks of positive performance for Ripple coin, which had recorded $31.6 million in inflows the previous week.

XRP sees close to $11 million in inflows

According to CoinShares’ latest digital asset fund flows report, XRP has seen $10.49 million in weekly investment flows. This consistent capital movement into XRP-based investment products comes amid increased market attention on Ripple.

Ripple coin ranks fifth in weekly inflows among tracked cryptocurrencies, behind Bitcoin ($1.84 billion), Ethereum ($149 million), Short Bitcoin positions ($6.4 million), and Solana ($6.03 million). When comparing year-to-date performance, XRP has accumulated $256.49 million in inflows. Also, total assets under management now stand at $1.067 billion.

These investment flows coincide with rising speculation about Ripple’s corporate activities. Market observers have noted rumors regarding a potential $20 billion deal between Ripple and Circle, the issuer of the USDC stablecoin.

This follows earlier reports of a $5 billion agreement that failed to materialize. Industry experts remain divided on whether Ripple would pursue such a substantial acquisition, with some considering the $20 billion figure unrealistic.

Ripple has shown an appetite for strategic acquisitions. The company also purchased prime broker Hidden Road for $1.25 billion in April, which was major XRP news. Additionally, speculation about potential XRP ETF approval has further fueled market interest in the asset. Despite the positive inflow, the XRP price has dropped 2% in the last 24 hours.

The United States saw $1.9 billion in inflows

The United States overwhelmingly dominated crypto investment flows last week. As per the data, $1.92 billion has entered US-based digital asset products. Germany recorded the second-largest weekly inflows of $47.2 million. Switzerland contributed $34.2 million, and Canada contributed $20.1 million. Although they are lower, they reflect what CoinShares says is “broad supportive sentiment for the asset class” in other markets.

Looking at other metrics other than XRP inflows, there were some outflows in other markets at roughly the same time. These are Sweden (-$0.5 million) and Brazil (-$0.2 million). Hong Kong had relatively small inflows of $2.7 million, and other unlisted markets overall made approximately $2.5 million.

The United States remains firmly in the top spot in the total amount of money invested in cryptocurrencies. To date this year, products based in the US have contributed $5.89 billion in new money. As CoinGape reported, the US Bitcoin ETFs recently saw a record inflow of $591 million amid the Bitcoin price surge last week.