u.today
The start of 2025 has been pretty wild for the cryptocurrency market. With all the ups and downs and changing sentiment, XRP is the only altcoin that has seen major investment, raking in $5.7 million, according to the latest report by CoinShares.
This comes after a rough end to 2024, when global digital asset inflows hit a record $44.2 billion, but the last two trading days of the year saw $75 million in net outflows, showing that investors were being cautious as the year came to a close.
XRP, on the other hand, did surprisingly well. In 2024 alone, XRP-focused investment products saw $438 million in inflows, which is a staggering 2,433% increase from the previous year.
A major part of this growth can be attributed to XRP's recent progress in the legal battle with the SEC over Ripple. This has helped establish the cryptocurrency's position as a nonsecurity.
On top of that, XRP's price shot up by almost 500% at the end of 2024. This jump is partly because people are speculating about possible changes in U.S. regulations, especially with Gary Gensler leaving his position as SEC chair on Jan. 20. With new leadership, there is a chance XRP's market position could see a further boost.
All in all, Bitcoin was still the big player in 2024, with $38 billion in inflows, which is about 29% of the total assets under management. Ethereum also had a comeback late in the year, with $4.8 billion going into it.
But the altcoins, excluding ETH, did not do as well, as they saw a combined $813 million, which is just 18% of the total assets under management.