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▲ XRP
XRP once again outpaced Bitcoin (BTC) and Ethereum (ETH) in weekly ETF performance, clearly demonstrating a difference in institutional fund flow sentiment.
According to U.Today, a cryptocurrency specialized media outlet, on May 30 (local time), XRP continued its dominance for three consecutive weeks, surpassing Bitcoin and Ethereum in recent weekly ETF performance. While the overall cryptocurrency market showed weakness, the XRP ETF saw a total of $15.2 million in new funds flow in last week.
In contrast, Bitcoin and Ethereum ETFs faced continuous fund outflow pressure during the same period. According to SosoValue data, a total of $1.42 billion flowed out of Bitcoin ETFs on a weekly basis, and Ethereum ETFs experienced an outflow of $241.45 million.
U.Today reported that amidst the ongoing institutional participation over the past few weeks, XRP continues to attract new funds, while Bitcoin and Ethereum are experiencing fund outflows. The XRP ETF has maintained a steady inflow of funds throughout the week, excluding some days that showed neutral flows since April 30.
The XRP ETF has not recorded a net outflow for nearly a month. U.Today analyzed that this trend suggests increasing confidence in XRP's long-term prospects among institutional investors. Bitcoin and Ethereum recorded continuous daily outflows since May 15, and the Ethereum ETF has seen outflows continue since May 11, failing to achieve a single inflow since then.
While large-scale fund outflows continued from the two largest cryptocurrency ETFs by market capitalization, the XRP ETF maintained a positive flow, emerging as the cryptocurrency with the strongest ETF performance in recent weeks.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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