XRP investment products see 1220% weekly inflow surge amid US regulatory hopes

Net inflows into XRP-based investment products surged by approximately 1220% over the past seven days, rising from $3 million in the previous week to $39.6 million, according to data from CoinShares. James Butterfill, an analyst at the firm, attributed the sharp increase to institutional investor reaction to progress on discussions surrounding the CLARITY Act in the U.S. He noted that recent advancements in stablecoin and cryptocurrency regulation bills within the U.S. Senate have heightened expectations for regulatory clarity for altcoins, driving the expansion of institutional capital. Geographically, U.S. investors accounted for roughly 86% of the total net inflows, contributing $34.21 million, while other regions, including Germany and Switzerland, saw inflows of about $5.39 million.