Cryptocurrency Market Sees Surge in Activity, XRP and Bitcoin ETFs Lead the Way

The cryptocurrency market has been experiencing a resurgence of activity in recent days, with various tokens and assets seeing significant gains. One notable example is XRP, which has seen a 212% increase in spot purchase volumes on the Singapore-based exchange Bitrue.

According to data from Bitrue, this surge in XRP activity coincided with an accumulation of the token by institutional investors since the launch of XRP ETFs. These funds have posted positive weekly inflows and have attracted a net total of $1.1 billion in assets.

In related news, Bitcoin ETFs have also seen a significant increase in demand, with $506 million in net inflows recorded over one trading session. This surge in interest has been attributed to the ongoing price rebound of Bitcoin, which reached $69,150 on Wednesday.