XRP and Ether stamp on crypto funds: Entry to altcoins is increasing

Last week's figures in crypto funds have been announced. According to Coinshares' report, 457 million dollars were withdrawn from Bitcoin funds, while Ether funds entered $634 million. The rise in XRP was also positive about the funds in this cryptocurrency and there was a record investment in the funds.

Coinshares, Europe's largest digital asset management company, announced last week's crypto fund figures. According to the company's report, while there were significant outflows from Bitcoin funds, serious investments were made in altcoin funds, especially Ether.

“The feeling changes in Ether”

While 457 million dollars were withdrawn from Bitcoin funds, 634 million dollars were net incomed from Ether funds. Coinshares analysts commented on this situation, the feeling is changing in Ether. This net inflow seen at the beginning of the year in Ether funds reached $2.2 billion, while the figure was $2 billion in total in 2021.

Record entry to XRP

Like Ether funds, XRP funds closed last week with visible investments. XRP funds saw $95 million inflow on a weekly basis. This figure was the largest investment in XRP funds so far. XRP price also increased by more than 400% in the last 1 month.