The cryptocurrency market has seen a shift in sentiment over the past week, with many assets trading on the positive side. This change in sentiment has led to increased demand from institutional investors for XRP-based investment products.
According to data provided by SosoValue, the XRP ETFs have recorded their first weekly inflow of $28.17 million in May. This is a significant improvement from last week's low performance and marks a positive turnaround for the asset.
The increase in demand from institutional investors has been driven by their growing optimism about XRP's future price potential. As a result, the XRP ETFs have seen a notable increase in trading volume and value.