Fintech behemoth has shifted more than 100 million XRP, causing wave of concern among community
According to the recent weekly report by CoinShares, XRP and products based on it have seen anThe same figure comes up as the funds inflow over the past month. As for investments made into XRP since the start of the year, this figure stands at $14 million. Overall, CoinShares has $58 million worth of XRP under management.
Per the same report, Bitcoin has seen the biggest outflow of institutional funds - $68.9 million over the past week, and $72.4 million has been withdrawn from BTC in the last month. Ethereum follows it with $4.8 million of weekly outflows. The champion that has attracted the largest amount of investment here is Short Bitcoin; $15.2 million has been put into it and products based on this asset within the last week.
Judging by the amount of cash invested in XRP, financial institutions are still eyeing it as a promising asset in the long term.
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