XRP saw $3 million in inflows in the past week, bucking the overall negative investor sentiment on digital assets per Coinshares’ weekly fund flow report shared on Twitter today.
It represents a 9% increase in XRP assets under management (AuM). According to Coinshares, investors see the growing clarity in the US Securities and Exchange Commission case against Ripple as a positive for XRP.
In comparison, Bitcoin and Ethereum, which sit at the top of the crypto markets in market cap rankings, saw outflows of $6.5 million and $3 million, respectively. It marked a 3rd consecutive week of outflows for Bitcoin and an 8th consecutive week for Ethereum.
As frequently reported, the SEC case against Ripple is near its end, as both parties have fought an extended legal battle for over two years. Recall that Santiment Feed tapped it as its crypto pick of the month. In addition, Egrag Crypto has predicted a date for XRP to kick off a bull run in Q3 of this year. It is worth noting that a Ripple win in the SEC case could see the price of XRP go parabolic.
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