Peter Smith
⬤ Institutional money kept flowing into XRP the week ending February 20, even as Bitcoin and Ethereum continued to bleed. According to CoinShares' latest report, XRP pulled in roughly $3.5 million for the week - pushing its month-to-date total to a solid $105 million. That puts it in rare company right now, with most major crypto assets still sitting in outflow territory. For a deeper look at what's driving this shift, XRP Price Poised to Challenge Bitcoin ETF Dominance as Market Eyes Reallocation Shift breaks down the bigger picture.
⬤ The numbers for Bitcoin and Ethereum tell a very different story. BTC saw $215.3 million in net outflows for the week alone, stacking on top of $579 million month-to-date withdrawals and a staggering -$1.298 billion year-to-date. Ethereum wasn't far behind, logging $36.5 million in weekly outflows and $117.5 million for the month. XRP, meanwhile, sits at $151 million year-to-date - one of the few major assets actually in the green. As the data shows, BTC and ETH ETFs Log Major Net Outflows - and there's little sign that trend is reversing anytime soon.
XRP's inflows suggest selective demand for alternative digital assets while Bitcoin and Ethereum products see ongoing net withdrawals.
⬤ Elsewhere, Solana added $3.3 million on the week and $41.6 million month-to-date, offering another pocket of positive momentum. Short Bitcoin products brought in $5.5 million weekly, though they remain negative for the month. Multi-asset products saw $32.5 million in outflows. All in, total digital asset investment products shed $288 million for the week and $607 million month-to-date, putting year-to-date flows at -$1.595 billion. Total assets under management across these products stood at around $130.4 billion. More on XRP's recent momentum: XRP (Ripple) Pulls in $11 Million as $2 Becomes the New Normal.
⬤ What the data really shows is a selective rotation happening beneath the surface. Institutional players aren't abandoning crypto - they're just being choosy. XRP is benefiting from that, picking up capital that's moving away from the two biggest names in the space. Whether that momentum holds is the question worth watching.
Peter Smith
