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Institutional capital is still quite large and influential for now, and it is that which drives it.
Contrary to BTC and ETH, ETFs tracking XRP, Solana, and HYPE are recording a positive trend.
The XRP ETF has reportedly recorded almost no “red weeks” over the past two months. In fact, only two weeks since mid-March ended with outflows.
Cumulatively, the XRP ETF has pulled in about $1.45 billion in inflows and has set a new all-time high.
The Solana ETF is also still seeing positive inflows, even if more moderately. In the last week, the SOL ETF logged more than $7 million in inflows after it had briefly seen outflows of around $2.58 million.
Meanwhile, HYPE has become the main focus. Since its launch in mid-May, the HYPE ETF has never recorded a negative week.
In six weeks, this product has amassed nearly $185 million in inflows, including about $28 million in just the past week.