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XRP, SOL, and HYPE Become New Magnet for Institutional Capital
Contrary to BTC and ETH, ETFs tracking XRP, Solana, and HYPE are recording a positive trend.
XRP ETFs are reported to have almost never recorded a red week in the last two months. In fact, only two weeks since mid-March have ended in outflows.
Cumulatively, XRP ETFs have attracted approximately $1.45 billion in inflows and set a new all-time high.
Solana ETFs are also still recording positive inflows, though more moderate. In the past week, SOL ETFs booked more than $7 million in inflows after previously experiencing outflows of around $2.58 million.
Meanwhile, HYPE is in the spotlight. Since its launch in mid-May, HYPE ETFs have never recorded a negative week.
In six weeks, this product has gathered nearly $185 million in inflows, including about $28 million in just the past week.