XRP resumes uptrend with higher capital inflow from institutional investors

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XRP resumes uptrend with higher capital inflow from institutional investors
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Ripple investment products have witnessed an increase in the inflow of capital from institutional investors. While the crypto market remains largely Bitcoin

Capital injection by institutional investors is typically considered bullish for an asset. Ripple’s partial win against the US Securities & Exchange Commission emerged as a bullish catalyst for the asset and related funds.Traded Products company CoinShares, institutional investors moved $29 million into digital asset investment products last week. CoinShares analysts say this move is likely due to the recent US inflation data coming in below market expectations.

saw $0.5 million in inflows, marking nearly four consecutive months of capital flowing into related funds.Fund flows by assets as seen in the CoinShares report

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