XRP beats BTC, ETH in weekly inflows: Will the token’s bullish trajectory continue

ambcrypto.com:

As one of the top digital currencies in the market, Ripple’s [XRP] recent surge in popularity and performance has caught the attention of investors and traders alike, based on the CoinShares’ 3 April report . According to the digital asset investment and trading group, the payment token registered the most input in last week’s fund flow activity. 

Realistic or not, here’s XRP’s market cap in ETH’s terms

Usually, CoinShares gives a summary of the digital asset fund flow weekly. And, in volume 125, activities all round were unusually lackluster. 

Altogether, investment products’ inflow was $2.5 million, as trading volume decreased by 33% on a week-on-week assessment. This suggested that interest in adding liquidity to crypto-linked assets was not as high as in other weeks have been. Moreover, market participation was flat.

XRP, however, only lagged behind Bitcoin [BTC] as its inflow hit $800,000. Other altcoins, including Polygon [MATIC] and Binance Coin [BNB], recorded inflows worth $300,000, and $340,000, respectively.

Source: CoinShares

The rise of XRP in this regard might not come as a shock. Over the last few weeks, the sentiment towards the token has been mostly bullish. In fact, at press time, its 30-day performance remained at a 32% hike, rising above BTC within the same period.

For Bitcoin, the week was lackluster as compared to when it hit inflow as high as $127 million. However, it was during the same week that the coins’ total assets under management reached a yearly high. CoinShares pointed out,

“The price appreciation over the week left bitcoin total assets under management at their highest since the collapse of 3 Arrows Capital in June 2022 at US$23.5bn.”

Meanwhile, Ethereum’s [ETH] case was no