{"id":121931,"date":"2021-04-20T08:21:57","date_gmt":"2021-04-20T08:21:57","guid":{"rendered":"https:\/\/precoinnews.com\/?p=121931"},"modified":"2021-04-20T08:21:57","modified_gmt":"2021-04-20T08:21:57","slug":"xrp-reports-massive-jump-in-weekly-institutional-inflows","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/xrp-reports-massive-jump-in-weekly-institutional-inflows\/","title":{"rendered":"XRP Reports Massive Jump in Weekly Institutional Inflows"},"content":{"rendered":"<p>XRP attracted nearly $33 million worth of weekly institutional inflows last week, its highest level on record. XRP remained the most popular cryptocurrency among institutional investors during the last 7 days amid a massive jump in its price.<\/p>\n<p>According to the latest weekly digital asset inflows report published by CoinShares, XRP nearly doubled its total digital assets under management to $83 million last week. Overall, the cryptocurrency market attracted $233 million inflows last week as the total value of the global digital assets under management reached $64 billion for the first time.<\/p>\n<p><strong>Looking Forward to Meeting You at iFX EXPO Dubai May 2021 &#8211; Making It Happen!<\/strong><\/p>\n<p>XRP remained one of the best-performing cryptocurrencies in April 2021. The cryptocurrency started this month at a price level of approximately $0.54. XRP spiked nearly 200% within the first two weeks of April and reached $1.95 on 14 April, its highest level in more than 3 years.<\/p>\n<p>\u201cXRP has been the most popular with weekly inflows of $33 million, nearly doubling its assets under management to $83 million. Inflows this week were unusually spread over a varied set of digital assets. Bitcoin saw the largest inflows of $108 million while Ethereum attracted $65 million. Inflows were also seen in Bitcoin Cash (BCH), Polkadot (DOT), Binance Coin (BNB) and Tezos,\u201d CoinShares mentioned in the report.<\/p>\n<h2>XRP Market Cap<\/h2>\n<p>The total market cap of the world\u2019s 4th most valuable digital currency crossed $72 billion on 13 April and touched nearly $90 billion on 14 April, the highest level in more than 36 months. Despite the recent dip, XRP still has a market cap of nearly $58 billion. The latest price surge in XRP is attracting institutional investors. Several cryptocurrency exchanges around the world halted the trading of XRP in January 2021 amid a lawsuit filed by the US Securities and Exchange Commission (SEC). But, the latest jump in institutional inflows indicates that large investors have started considering XRP as a store of value. As of writing, the cryptocurrency is trading nearly $1.25, which is down nearly 15% in the last 24 hours.<\/p>\n<p>Source: <a href=\"https:\/\/www.financemagnates.com\/cryptocurrency\/news\/xrp-reports-massive-jump-in-weekly-institutional-inflows\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP attracted nearly $33 million worth of<\/p>\n","protected":false},"author":3,"featured_media":121930,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>XRP Reports Massive Jump in Weekly Institutional Inflows - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/xrp-reports-massive-jump-in-weekly-institutional-inflows\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"XRP Reports Massive Jump in Weekly Institutional Inflows - 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