While the funds have been posting consistent inflows for the past eight weeks, this is the highest inflow the $XRP ETFs have posted in the past six weeks.
Considering the sharp rise in ETF inflows amid the prolonged streak of positive performances, it appears that institutional investors are beginning to show heightened confidence in $XRP despite the intensifying market uncertainties.
Institutions choose $XRP over Bitcoin again
Apart from the surge in inflows attracted by the $XRP ETFs, their consistent dominance over other crypto ETF products, especially Bitcoin and Ethereum, has continued to draw attention from market participants.
It appears that institutional investors are beginning to look beyond the largest crypto assets and are more willing to venture their funds into $XRP-based investment products instead.
Although it is important to note that one strong week does not automatically signal a long-term trend, $XRP's dominance over Bitcoin and Ethereum has remained for seven consecutive weeks, positioning it as a major player in the ETF market.
While $XRP just saw its highest weekly inflow in about six weeks, Bitcoin has just posted its biggest outflow ever of $1.79 billion.