According to U.Today, a new report from CoinShares reveals a surge in inflows into XRP-focused investment products. The data shows that the volume of injections into such exchange-traded products (ETPs) rose by over $300,000 last week. This increase brings the total to $3.2 million since the start of June and $18 million since the beginning of the year. XRP-related investment products are leading the pack, along with those for Solana (SOL), Litecoin (LTC), and Chainlink (LINK).
Furthermore, XRP is outperforming the leading altcoin crypto market in this metric, with ETPs witnessing $25 million in outflows since the start of the year. It's worth noting that inflows into investment products tied to XRP have been growing for weeks, contrasting with total outflows. This trend indicates a positive sentiment towards the popular cryptocurrency among investors from traditional financial markets.
The concept of an XRP ETF has been a subject of debate among enthusiasts throughout the year. ETP inflows often precede or accompany discussions of potential ETF offerings. Such products could offer institutional and retail investors easier access to XRP, potentially enhancing its market appeal further. However, regulatory obstacles and market conditions remain considerations. Nevertheless, the increasing interest in XRP through ETPs suggests a growing appetite for more accessible investment opportunities in the crypto market.