The third largest weekly inflows have been demonstrated by none other that XRP - $10.5 million came in last week, and a massive $256 million year-to-date, according to the report. A total of $1.067 billion worth of XRP is currently under management in various XRP products. For Bitcoin, this figure is much higher, $136.462 billion, while for Ethereum, it comprises $9.581 billion.
Last week, Solana absorbed just $6 million, with $1.379 billion in total year-to-date, and here it surpasses XRP. SUI, LTC and PYTH attracted $0.3 million last week, while Cardano’s native asset, ADA, brought $1.2 million, thus coming third after SOL and XRP.
Crypto ETF inflows last week
Last week, without specifying the crypto, but talking about ETFs in general, Coinshares revealed that BlackRock’s Ishares attracted $2.569 billion in crypto, and it currently holds $61.972 worth of cryptocurrencies. If this is about spot ETFs, then we are discussing Bitcoin and Ethereum.
BlackRock’s rivals, Grayscale, Fidelity, Ark 21Shares and Bitwise, witnessed major outflows, losing $31 million, $201 million, $458 million and $36 million, respectively.
21Shares AG attracted $22 million, while ProShares ETFs and Coinshares XBT Provider AB lost $25 million and $1 million, correspondingly.
Overall, as reported by U.Today earlier, over the past few months, the cryptocurrency market has witnessed a gargantuan $19,000,000,000 flowed into the cryptocurrency market over the past month, indicating the growing confidence of whales and financial institutions.
Besides, earlier today, the constant Bitcoin absorber, Strategy, announced yet another large Bitcoin purchase – 1,895 BTC were acquired for roughly $180 million.BTC/USD The price of Bitcoin (BTC) has fallen by 1.25% over the last 24 hours. Image by TradingView On the hourly chart, the rate of BTC is looking bearish. The price is coming back to the local support of $93,750. If its breakout happens, the drop is likely to continue to the $93,000 area. Image by TradingView On the bigger time frame, the price of the main crypto is far from key levels. Thus, the volume is low, which means neither buyers nor sellers are ready to seize the initiative. If the situation does not change by tomorrow, sideways trading in the range of $93,000-$95,000 is the most likely scenario. Image by TradingView From the midterm point of view, the picture is neutral. As the week just started, it is too early to make any distant predictions. Bulls may start thinking about midterm growth only if the breakout of the $100,000 zone occursOn the bigger time frame, the price of the main crypto is far from key levels. Thus, the volume is low, which means neither buyers nor sellers are ready to seize the initiative. If the situation does not change by tomorrow, sideways trading in the range of $93,000-$95,000 is the most likely scenario. Image by TradingView From the midterm point of view, the picture is neutral. As the week just started, it is too early to make any distant predictions. Bulls may start thinking about midterm growth only if the breakout of the $100,000 zone occurs.
This $25 million donation is part of Ripple's ongoing efforts in philanthropy, particularly in areas where crypto-based tools can be applied. Since 2018, the company says, it has contributed over $200 million worldwide to nonprofits, research and social programs. Ripple also encourages its employees to volunteer and donate throughout the year
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