U.Today - In the latest report released by , XRP has once again emerged as the clear frontrunner in cryptocurrency-focused investment products, experiencing a significant surge in inflows. With a value of $1.1 million for the week, XRP has achieved one of its most impressive results this year.
Consequently, XRP-focused investment products have amassed positive year-to-date inflows amounting to $6 million. The significance of this data is further underscored by the overall state of the market, which has witnessed outflows amounting to a staggering $226 million.
Source: These investor behaviors from the more traditional financial sector are largely attributed to the growing anticipation surrounding the imminent ruling in the SEC case against . Similar trends were observed previously in late April and early March, underscoring the significance of investor sentiment.
This sentiment is further reflected in the rising price of , which has experienced an upward trajectory over the past week. Notably, it is not only investors who are expecting a swift resolution to the case; experts like Mark Fagel, a former lawyer and SEC veteran, also predict a verdict within days, as reported by U.Today.
While XRP shines in terms of fund inflows, digital asset investment products encountered minor outflows totaling $5.1 million. Toward the end of the week, a modest influx was observed following news that has applied for a Bitcoin Spot Trust. However, these inflows were insufficient to offset the earlier outflows, resulting in the ninth consecutive week of outflows, which now tally an alarming $423 million.