Crypto ETF Inflows Surge, Bitcoin and XRP Among Top Performers

Crypto Exchange-Traded Funds (ETFs) have seen a significant increase in net inflows, with approximately $1.37 billion flowing into these products over the last week. This surge is largely driven by Bitcoin-focused funds, which pulled in just under $1 billion for the week, while Ethereum ETFs added roughly $276 million.

The increased demand has led to a notable reversal from earlier this year, with total Bitcoin ETF net assets now surpassing the $100 billion mark. XRP Funds also saw significant activity, recording around $55 million in weekly net inflows and experiencing a modest price bounce of approximately 5% over 24 hours.

On-chain analytics suggest that large holders, or 'whales,' are accumulating XRP, with activity reaching levels not seen in months. This combination of ETFs absorbing supply while whales add to their holdings has contributed to renewed 'breakout' chatter in trading circles.