Institutional investments in Ripple’s XRP nearly doubled last week

2021-4-21 16:00

Ripple-issued token XRP has been the most popular altcoin among institutional investors as the assets under management (AUM) in related financial assets nearly doubled, a report published by asset manager CoinShares earlier this week showed.

“We believe this recent renewed appetite for digital assets is due to a combination of increasing acceptance from institutional investors, fears for inflation, and price momentum,” the report noted.

XRP leads among altcoins

Per the report, around $33 million worth of institutional capital has been allocated in XRP investment products over the past week, pushing the corresponding assets under management (AUM) to $83 million.

This comes on the heels of XRP’s price recovery after it plummeted earlier this year when the Securities and Exchange Commission filed a $1.3 billion lawsuit against Ripple Labs, the company behind the token.

On April 5, XRP was already trading at around $0.72—already higher than its “pre-lawsuit” level—but managed to more than double in price since then. This rapid growth could’ve been one of the reasons for institutional investors’ renewed interest.

Image: TradingView. Institutional crypto AUM keeps growing

In general, inflows of institutional capital in cryptocurrencies totaled $233 million last week, the report noted. At the same time, the increase in prices pushed the total crypto AUM to $64 billion.

04/16/21 UPDATE: Net Assets Under Management, Holdings per Share, and Market Price per Share for our Investment Products.

Total AUM: $50.2 billion$BTC $BCH $ETH $ETC $ZEN $LTC $XLM $ZEC $BAT $LINK $MANA $FIL $LPT pic.twitter.com/9OpsJ4kpAd

— Grayscale (@Grayscale) April 16, 2021

Crypto asset management giant Grayscale was responsible for the lion’s share of this figure last week, holding roughly $50 billion in AUM—or 77%—of the whole sector. It was followed by CoinShares ($5.7 billion; 9%), and 3iQ Corp ($1.9 billion; 3%).

Unsurprisingly, Bitcoin saw the largest inflows of $108 million, followed by Ethereum with $65 million. Among altcoins, institutional investors showed interest in Bitcoin Cash ($4 million), Polkadot ($5 million), Binance Coin ($3 million), and Tezos ($7 million).

Apart from large inflows of capital, the institutional trading volume also surged last week, amounting to $4.8 billion. This represented a 59% increase over the week before and resembled the levels of early February, the researchers concluded.

The post Institutional investments in Ripple’s XRP nearly doubled last week appeared first on CryptoSlate.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Ripple (XRP) на Currencies.ru

$ 0.5326 (-0.05%)
Объем 24H $1.599b
Изменеия 24h: 2.63 %, 7d: 1.82 %
Cегодня L: $0.5171 - H: $0.5366
Капитализация $29.522b Rank 7
Цена в час новости $ 1.3874 (-61.61%)

week institutional nearly doubled assets xrp published

Источник: cryptoslate.com

week institutional → Результатов: 126


Cryptocurrency Inflows Record A Five-Week High; XRP Captures Institutional Interest

Inflows into digital asset investment products totaled $233 million last week, the largest since early March. It is, however, nowhere near the record inflow seen in late January. CoinShares, one of the largest crypto asset managers, in its weekly report wrote, “We believe this recent renewed appetite for digital assets is due to a combination […] The post Cryptocurrency Inflows Record A Five-Week High; XRP Captures Institutional Interest first appeared on BitcoinExchangeGuide.

2021-4-21 18:48


Dollar Hungover, Bitcoin & Ethereum Give BTD Opportunity; Total Crypto Market Cap Poised to Hit $1 Trillion

While dollar is expected to see more weakness, after the retail buying over the holidays, institutional investors returning to their desks this week are expected to boost BTC prices further. The post Dollar Hungover, Bitcoin & Ethereum Give BTD Opportunity; Total Crypto Market Cap Poised to Hit Trillion first appeared on BitcoinExchangeGuide.

2021-1-4 16:30


Litecoin, Chainlink, Cardano, Bitcoin Cash? Which alts are close to levels that indicate a bounce in price?

As Bitcoin’s price rallied above $24000 and hit a new ATH, it garnered most of the institutional and retail attention this week and over the past weekend as well. With all focus on Bitcoin, investmeThe post Litecoin, Chainlink, Cardano, Bitcoin Cash? Which alts are close to levels that indicate a bounce in price? appeared first on AMBCrypto.

2020-12-23 22:00


Фото:

American Express’ Venture Arm Invests in a Cryptocurrency Trading Platform

American Express says its venture arm, Amex Ventures has invested in Falconx the cryptocurrency trading platform that focuses on serving institutional trading clients. Amex’s investment, which was announced during a record-breaking week for bitcoin, underscores the credit card issuer’s desire to cash in on the growing institutional interest in cryptocurrencies.

2020-12-20 15:00


Ethereum Fund Inflows Nearly Double Over Last Week as Investors Switch Focus: CoinShares

Last week’s highlight has been Ethereum than Bitcoin as fund flows doubled from $87 million to $160 million, as per CoinShares weekly fund flow report. While Bitcoin has captured institutional investors' attention, high net worth individuals, family offices, and insurance companies, Ethereum is also trying to follow the leading cryptocurrency.

2020-12-15 17:30


Фото:

Bitcoin Funds Attracted $4 Bln in Inflows in 2020, CoinShares AUM Surges to a Record $15 Bln: Report

Digital asset manager CoinShares saw its assets under management (AUM) rising to an all-time peak of $15 billion, which were standing at just $2.57 billion at the end of 2019. This surge is the result of institutional investors pumping the second-highest amount on record, $429 million, into the company’s crypto funds, for the week ending […] The post Bitcoin Funds Attracted Bln in Inflows in 2020, CoinShares AUM Surges to a Record Bln: Report first appeared on BitcoinExchangeGuide.

2020-12-9 21:59


A $13,500 Bitcoin Looks Inevitable as Price Fixes “Overbought” Worries

A combination of supportive fundamental and technical catalysts are pointing towards an extended Bitcoin bull run. The BTC/USD exchange rate kicked off the new week in positive territory on signs of institutional adoption, lower sell-off sentiment, and the global market uncertainty over the second coronavirus fiscal aid and the November 3 presidential election. The pair […]

2020-10-26 16:38


Institutions are Growing Increasingly Bullish on Bitcoin Following Drop to $10,000

Bitcoin’s price is now expressing some signs of stability within the lower $10,000 region, with bulls being able to garner some strong support This comes after the cryptocurrency defended its crucial near-term support level at $9,900 on multiple occasions throughout the past week One analyst is now noting that investor fear is at the same level it was at just before the crypto pumped to $12,000 This also comes as institutional investors grow bullish on […]

2020-9-13 19:00


Фото:

Bitcoin (BTC) stock price corrects after a failed breakout

Bitcoin (BTC) price has been dragged lower to test weekly support near $11,000 after the buyers failed to close above the $12,000 handle last week.   Fundamental analysis: A beginning of another bull market? The largest Bitcoin exchanges and crypto wallet apps such as Coinbase, Blockchain Wallet, Binance, BRD and others registered record-high combined downloads last month, largely thanks to the fact that many institutional investors turned to BTC in the midst of unparalleled coronavirus stimulus spending.

2020-8-28 13:42


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

XRP & Cardano Whales Load Up Bags: Preparation For Altcoin Rally?

On-chain data shows that XRP and Cardano whales have been accumulating recently, which can be bullish for the prices of these altcoins. XRP & Cardano Whales Have Gone On A Buying Spree Recently As analyst Ali explained in a new post on X, XRP whales have seen their holdings go up over the last couple of weeks.

XRP Whales Are Active: Here’s Where They Are Sending Coins

On-chain data shows the XRP whales have been active during the past day. Here are the destinations their moves have been heading to. XRP Whales Have Moved Around Big Amounts In Last 24 Hours According to data from the cryptocurrency transaction tracker service Whale Alert, several large XRP transactions have been witnessed on the blockchain in the past day.

XRP Price Alert: Breakout Could Confirm Today

The XRP price has been in a downtrend since mid-November 2023. However, the XRP bulls seem to be taking control again if the following happens. An analysis of the 1-day chart of XRP/USD reveals that a potential price breakout is imminent.