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XRP, SOL, and HYPE Become the New Magnet for Institutional Capital
In contrast to BTC and ETH, ETFs tracking XRP, Solana, and HYPE are recording positive trends.
The XRP ETF is reported to have almost never recorded a red week in the last two months. In fact, only two weeks since mid-March ended with outflows.
Cumulatively, the XRP ETF has attracted approximately $1.45 billion in inflows and recorded a new all-time high.
The Solana ETF also continues to record positive inflows, albeit more moderate. In the past week, the SOL ETF booked more than $7 million in inflows after previously experiencing outflows of about $2.58 million.
Meanwhile, HYPE is the main highlight. Since its launch in mid-May, the HYPE ETF has 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.