Demand for XRP from institutional investors rose dramatically by 290% week-over-week, driven by optimism surrounding ETF approvals in the US. This rise reflects strong market sentiment and strategic decisions, such as Ripple’s CEO Brad Garlinghouse dropping a legal appeal.
Similar institutional buying activity was observed for Solana (SOL), experiencing a 90% increase to 5.3 million USD. This aligns with the positive expectations regarding ETF approvals, indicating robust investor interest in both cryptocurrencies.
Total inflows into crypto investment products reached 2.7 billion USD last week, with Bitcoin leading the charge. The approval of ETFs in Canada boosts speculation for US approvals, positively influencing market sentiment and investor decisions.
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