XRP ETF Surpasses Bitcoin and Ethereum for 2 Consecutive Weeks... "Institutions Keep Buying"

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XRP has reportedly surpassed Bitcoin (BTC) and Ethereum (ETH) in weekly ETF fund flows for two consecutive weeks. Even amid weakening overall investor sentiment in the cryptocurrency market, new funds have flowed into XRP-related ETFs, indicating sustained institutional investment demand.

U.Today reported on May 22 (local time), citing the latest data from SosoValue, that XRP ETFs recorded net inflows this week, while Bitcoin and Ethereum saw weekly net outflows. XRP continued to see new fund inflows daily throughout the week, with total weekly inflows amounting to $12.57 million as of May 23.

Bitcoin and Ethereum recorded another weekly negative trend, with funds flowing out daily during the same period. Bitcoin saw total outflows of $1.15 billion this week, and Ethereum also experienced outflows of $209.32 million. U.Today reported that this marks the second time this month that XRP has surpassed Bitcoin and Ethereum in weekly ETF fund flows.

XRP's price movement was not strong. According to the article, XRP traded significantly below $1.40 throughout the week, and traders adopted a cautious stance as overall investor sentiment in the cryptocurrency market turned bearish. However, while price stagnation had a greater impact on retail investor demand, institutional demand was assessed to be weak but continuous.

This trend is noteworthy because XRP showed relatively prominent fund inflows in the short-term ETF market. While Bitcoin and Ethereum experienced large outflows, new funds consistently flowed into XRP, which U.Today presented as a sign that institutional interest in XRP remained unshaken even amidst a broad market decline.

In terms of price, XRP reportedly showed a stable trend around $1.36. U.Today reported that market participants remain optimistic about the potential for an XRP price breakout. However, the key takeaway from this article is XRP's stronger relative performance in ETF fund flows compared to Bitcoin and Ethereum, rather than its price outlook.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*