XRP Emerges Amid Clawbacks by 'Large' Investors
Last week, crypto investment products witnessed their largest influx since July 2022. Inflows during the period summed up to $160 million and brought to light the growing investor confidence. However now, it seems like large institutional investors have started exercising vigilance as a precautionary measure. According to CoinShares’ latest weekly report, crypto and other digital asset investment products saw positive flows summing up to “a lackluster” of $2.5 million. In fact, the trading volume in investment products has fallen by 33%, when compared to the prior week. Last week, $127.5 million flowed into Bitcoin. The environment was “fairly supportive,” according to CoinShares, for the largest asset noted inflows worth $8.8 million. Alongside, short-Bitcoin products noted negative flows, indicating that institutions continue to have Bitcoin’s back. Source: CoinShares Also Read: $135 Million Flows Into Bitcoin, Solana, XRP, MATIC: Highest Since July 2022 XRP lead...