XRP and Cardano See Green Amid 708 Million Dollars ETF Surge

Crypto News– Amid a dynamic week in the digital asset investment landscape, the crypto exchange-traded fund (ETF) market witnessed a significant surge, as reported by CoinShares, with total inflows soaring to an impressive $708 million. This surge pushed year-to-date inflows to a staggering $1.6 billion.

XRP and Cardano See Green Amid 708 Million Dollars ETF Surge

While Bitcoin continued to dominate the scene, capturing a substantial 99% of total weekly inflows with a remarkable $703 million, altcoins also garnered attention. Particularly noteworthy were XRP and Cardano, which stood out as top performers in terms of fund flows.

XRP-focused investment products experienced a notable turnaround, with $100,000 in fund inflows, marking a significant shift from the previous week’s outflows of $400,000. Year-to-date inflows for XRP now stand at an impressive $3 million.

Similarly, Cardano showcased a substantial resurgence, with $600,000 in fund inflows last week, a remarkable turnaround from the previous week’s outflows of $400,000. Year-to-date inflows for Cardano now total an impressive $5 million. In comparison to other altcoins, Solana emerged as a notable contender, boasting $4 million in year-to-date inflows. These trends position XRP and Cardano as leaders in the altcoin resurgence, highlighting their resilience and appeal to investors.