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XRP Deviates as Crypto Funds Records $1.9 Billion Outflow
Yahoo Financeยท 2025-11-24 15:41
Core Insights - XRP has experienced significant inflows of $89.3 million, contrasting with a broader trend of outflows in the cryptocurrency market, which totaled $1.94 billion last week [1][2] - The total outflows over the past four weeks have reached $4.92 billion, marking the third-largest outflow run since 2018 [1] - Bitcoin led the outflows with $1.27 billion, while Ethereum saw $589 million in outflows, representing 7.3% of its Assets Under Management (AuM) [2][3] XRP Performance - XRP's inflows of $89.3 million occurred while other cryptocurrencies faced significant withdrawals, indicating a unique market position [4] - The launch of spot XRP Exchange Traded Funds (ETFs), such as Canary Capital's XRPC, has contributed to XRP's positive performance, with the ETF recording $58 million on its first trading day [5] - XRP's current trading price is $2.05, reflecting a 0.89% increase in the last 24 hours, despite its previous underperformance [6]