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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
Last week, digital asset investment products saw inflows of $1.9 billion, with Bitcoin leading the way at $1.3 billion.
Gate News bot message, CoinShares stated that despite geopolitical concerns putting pressure on risk assets last week, digital assets have remained resilient, attracting inflows just like gold. Digital asset investment products recorded an inflow of $1.9 billion, marking nine consecutive weeks of positive inflows. This brings the total inflow for the quarter to $12.9 billion, while the year-to-date inflow has reached a new high of $13.2 billion.
From a regional perspective, investor sentiment is generally optimistic. The United States leads with an inflow of 1.9 billion dollars, followed by Switzerland, Germany, and Canada, with inflows of 20.7 million dollars, 39.2 million dollars, and 12.1 million dollars, respectively. In contrast, Hong Kong and Brazil saw outflows of 56.8 million dollars and 8.5 million dollars, respectively.
After experiencing a slight outflow for two weeks, Bitcoin rebounded strongly, with an inflow of $1.3 billion. Bitcoin short products also recorded a small inflow of $3.7 million, but the total assets under management (AuM) remain at a low of $9.6 million.
Ethereum has maintained a positive growth momentum, with inflows of $583 million last week, setting a record high since February and achieving the highest single-day inflow during the same period. The latest round of inflows has brought Ethereum's total inflow to $2 billion, accounting for 14% of AuM.
After three consecutive weeks of capital outflow, XRP saw an inflow of $11.8 million, while Sui also received an inflow of $3.5 million.