As AUM nearly doubles, Institutional XRP inflows surge 

As AUM nearly doubles Institutional XRP inflows surge 

With the assets under Management (AUM) or XRP investments products nearly doubling, institutional investors have rallied around XRP in the past week.

Roughly $33 million flowed into XRP products this week, pushing the sector’s AUM up to $83 million, according to report by Coinshare’s digital asset fund flow.

Since early March, this week has been the most bullish week for Institutional Crypto $233 million injected in Institutional funds, according to Coinshare’s report.;

Roughly $6 million was invested into multi-asset products, with $65 million allocated to Ethereum products, while Binance Coin funds took in $3 million, Altcoins saw renewed market action overall, Tezos attracted $7 million worth of in flows, Polkadot received $5 million and Bitcoin Cash saw $4 million

Bitcoin products represent nearly 78% of institutional AUM with $50 billion, followed by Ether with $10.7 billion or 16.8% crypto product exposure. All other crypto assets represent less than 1% of capital locked in the sector, with Binance Coin representing $571 million, Polkadot representing $45 million, and Bitcoin Cash representing $16 million.

In addition to large inflows, institutional trade volume surged, gaining 59% week-over-week to tag $4.8 billion. All-time price highs also pushed the AUM of crypto investment products into record highs above $64 billion.

Grayscale represents 77% of institutional crypto AUM with nearly $50 billion, followed by CoinShares with $5.7 billion or almost 9% of the sector’s total, and 3iQ with $1.9 billion or roughly 3%.

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