XRP investment products just saw $28 million in outflows, the biggest drop among all crypto ETPs last week, according to CoinShares. This marks the second straight week of institutional selling, with over $56 million pulled in May alone.
Meanwhile, Ethereum (ETH) led the charge with $321 million in inflows, highlighting a major rotation in sentiment.
Quick Stats:
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XRP Weekly Outflows: –$28.2M
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Month-to-Date: –$56.6M
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Year-to-Date: +$198M
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AUM: $1.23B
Despite positive yearly inflows, the recent trend suggests institutions may be losing faith in XRP — at least for now. Some expect the sell-off to be short-term profit-taking, but others fear a deeper loss of confidence.
Meanwhile in ETH...
Ethereum is bouncing back, fueled by stronger fundamentals and interest in ETH futures. If the trend continues, XRP could lose further ground in the altcoin ETF race.
Is it a shakeout — or the start of a bigger shift? more on https://cryptosnackable.com/institutions-dump-xrp/
