According to U.Today, a recent report from CoinShares reveals that XRP-focused investment products have experienced another weekly increase. The data indicates that inflows into XRP Exchange Traded Products (ETPs) rose by over $400,000 last week, taking the total to more than $18.4 million since the start of the year. This surge has placed XRP-related investment products at the top of the charts, alongside Solana, Polkadot, and Litecoin.
Last week also marked the introduction of the new Virtune XRP ETP on Nasdaq Stockholm. This new addition joins the existing 21Shares Ripple XRP ETP (AXRP), CoinShares Physical XRP ETP, ETC Group Physical XRP, and Valour Ripple (XRP). The shift in investor sentiment towards XRP and other altcoins suggests a strategic pivot in the market. Investors are increasingly viewing current price levels as attractive entry points for potential future gains.
Despite recent price weakness driven by selling pressure from Mt. Gox and the German government, digital asset investment products saw inflows totaling $441 million. Bitcoin led the way with inflows of $398 million, but unusually accounted for only 90% of the total as investors diversified across a broader range of altcoins. Solana ETPs, in particular, saw $16 million in inflows last week, bringing its year-to-date total to $57 million, making it the best performing altcoin in terms of flows. Ethereum, despite seeing $10 million in inflows recently, remains the only investment product oriented to crypto with a net outflow year-to-date.