{"id":231870,"date":"2021-04-21T04:53:14","date_gmt":"2021-04-21T01:53:14","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/institutional-xrp-inflows-surge-as-aum-nearly-doubles\/"},"modified":"2021-04-21T04:53:14","modified_gmt":"2021-04-21T01:53:14","slug":"institutional-xrp-inflows-surge-as-aum-nearly-doubles","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/institutional-xrp-inflows-surge-as-aum-nearly-doubles\/","title":{"rendered":"# Institutional XRP inflows surge as AUM nearly doubles"},"content":{"rendered":"

“# Institutional XRP inflows surge as AUM nearly doubles <\/strong>”
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Institutional investors have rallied around XRP this past week, with the assets under management, or AUM, or XRP investment products nearly doubling.<\/p>\n

According to CoinShares\u2019 weekly digital asset fund flows report<\/a>, roughly $33 million flowed into XRP products this week, pushing the sector\u2019s AUM up to $83 million.<\/p>\n

The report describes the week as the most bullish for institutional crypto products since early March, with $233 million injected in institutional funds.<\/p>\n

Altcoins saw renewed market action overall, with $65 million allocated to Ethereum products, while Binance Coin funds took in $3 million, Bitcoin Cash saw $4 million, Polkadot received $5 million, and Tezos attracted $7 million worth of in flows. Roughly $6 million was invested into multi-asset products.<\/p>\n

Bitcoin products represent nearly 78% of institutional AUM with $50 billion, followed by Ether with $10.7 billion or 16.8% crypto product exposure. All other crypto assets represent less than 1% of capital locked in the sector, with Binance Coin representing $571 million, Polkadot representing $45 million, and Bitcoin Cash representing $16 million.<\/p>\n

In addition to large inflows, institutional trade volume surged, gaining 59% week-over-week to tag $4.8 billion. All-time price highs also pushed the AUM of crypto investment products into record highs above $64 billion.<\/p>\n

Grayscale represents 77% of institutional crypto AUM with nearly $50 billion, followed by CoinShares with $5.7 billion or almost 9% of the sector\u2019s total, and 3iQ with $1.9 billion or roughly 3%.<\/p>\n

North American demand for institutional crypto products app<\/a>ears to be surging, with Canadian regulators approving three Ether exchange-traded funds, or ETF, last week, following the success of several recently launched Bitcoin ETFs in Canada.<\/p>\n