Investor interest in digital assets remains steadfast, with Bitcoin and XRP leading pack, as latest CoinShares report reveals
, Bitcoin and XRP have shown consistent appeal to traditional investors, marked by substantial inflows in exchange-traded products oriented around these popular cryptocurrencies in the past week.Thus, Bitcoin-focused ETPs attracted $16 million, bringing year-to-date inflows to $260 million. On the other hand, however, short Bitcoin investment products saw inflows of $1.7 million, indicating that there are still bearish-minded investors on the market.
For their part, XRP-oriented investment products demonstrated remarkable resilience, receiving $0.42 million last week, marking the 25th consecutive week of positive fund flows. Despite legal challenges throughout the year, consistent investor support of Nevertheless, it is not that shiny there as the report also revealed challenges faced by certain altcoins. Among others, and Chainlink ETPs, which experienced outflows totaling $0.28 million and $0.31 million, respectively, indicate a challenging period for these digital assets., despite the launch of a futures ETF, has faced investor reluctance, with outflows totaling $7.5 million last week.
He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.Shiba Inu Listing Announced by Japanese Crypto Exchange
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