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Headline : XRP and Bitcoin Lead $2.2 Billion Crypto Inflows Surge

Read more from the original article on here at www.investing.com.





Tags : #xrp #bitcoin #lead #22 #billion #crypto #inflows #surge


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U.Today - Bitcoin and XRP are two popular cryptocurrencies that have become some of the main highlights of CoinShares' latest weekly report on outflows and inflows into cryptocurrency-focused investment products.

According to the data, crypto investment products saw $2.2 billion in inflows over the past seven days, the highest since July. Interestingly, the inflows are only seen regionally in the U.S., while all other countries are seeing outflows. CoinShares analyst James Butterfill attributes this to the upcoming U.S. political events in November, which are also affecting inflows into cryptocurrency-focused investment products.

Of course, the main cryptocurrency, Bitcoin, with its many variants, is dominating the festivities, taking 97% of the billions in inflows.

At the same time, however, ETFs centered on XRP have also seen inflows, and despite the comparatively smaller figure, it is significant that inflows into them have been steady for many weeks now, meaning that the trend is continuing and money is flowing into XRP.

Read more from the original article on here at www.investing.com.


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