Despite a recent surge in Bitcoin prices and a broad recovery across the cryptocurrency market, Ripple’s XRP has experienced notable capital outflows, contrasting sharply with several other leading digital assets drawing substantial institutional interest.
A report from CoinShares reveals that XRP has faced considerable withdrawals both over the past week and the month-to-date. Last week alone, XRP saw $37.2 million in outflows, with an additional $28.6 million pulled out so far this month. However, XRP’s year-to-date inflows remain positive, totaling $226 million. The report notes that roughly $1.36 billion worth of XRP is currently held across various investment products.
In contrast, cryptocurrencies like Cardano (ADA), Sui (SUI), Solana (SOL), Litecoin (LTC), and Chainlink (LINK) have attracted significant inflows. Solana added $4.3 million last week and $0.5 million over the month, while SUI drew $2.9 million weekly inflows and an impressive $23.9 million year-to-date. Litecoin has posted similar gains to SUI, with LINK and ADA also seeing modest weekly and monthly inflows.
When comparing monthly inflows, XRP stands as the closest contender to Bitcoin and Ethereum among major cryptocurrencies, with $226 million year-to-date inflows. This is ahead of SOL’s $80 million, SUI’s $96 million, ADA’s $73 million, and Litecoin’s $5 million. Bitcoin and Ethereum remain the dominant players, reporting $2.98 billion and $326.2 million in weekly inflows respectively, and $5.5 billion and $568.5 million monthly inflows.
Meanwhile, Bitcoin briefly reclaimed the $110,000 price mark after climbing 3% from $106,960 within the past 24 hours, sparking a broad market rally that lifted most altcoins. Despite a minor pullback to $109,850, BTC continues its effort to regain and sustain the $110,000 level, fueling optimism across the crypto market.
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