XRP Outflows Other Top Altcoins by Attracting the Largest Inflows from Institutional Investors

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

Institutional investors are piling into XRP, new data from digital asset management firm CoinShares shows.

Among six large-cap coins, XRP saw the largest inflows in the past week. Still, as could be expected, the Bitcoin and Ethereum giants have left XRP in dust.

CoinShares’ report revealed that over the past seven days XRP-based products 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, correspondingly. Today, the fourth-largest cryptocurrency, XRP, demonstrated a price spike of 4.26%, soaring from $2.23. As of this publication, XRP is being traded at $2.33 per token.

This also marks an impressive 7.77% price increase since Sunday, when XRP was being sold for $2.16.

Bitcoin ETFs scoop up $3.06 billion in one week

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

Digital asset investment products recorded $3.4 billion in inflows last week, marking the highest level since mid-December 2024 and the third-largest weekly inflow on record. Bitcoin products attracted $3.18 billion in inflows, while Ethereum products ended an eight-week streak…

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, 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 being traded at the time of writing this article.

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