While there was a net outflow of $10 million from institutional funds in the crypto money market in the first week of 2023, the fund inflows in Ripple (XRP) drew attention.
According to the data shared on the official blog of Coinshares, although there is a slight recovery in Bitcoin (BTC), institutional funds will be withdrawn in the first week of 2023. There was an outflow of 10 million dollars. In the published data, Ripple funds 3 million dollars The entrance was noticed.
In total from Bitcoin funds 6.5 million dollar to the short Bitcoin fund while the outflow is observed 1.2 million dollars There was a small inflow of money. In Ethereum (ETH), which has an outflow of $ 402 million in 2022, fund outflows continued with an outflow of 3.1 million dollars this year.
Litecoin, which is positive among altcoins A small $200,000 amount and in Ripple it can be considered a proportionally large amount. 3 million dollars fund inflow. According to many experts, this fund inflow in Ripple is the institutional investor’s. scheduled to end this year. It is due to the fact that he thinks the lawsuit between the US Securities and Exchange Commission (SEC) will end in Ripple’s favor.
On the other hand, in 2022 the average 9 billion dollars While there is weekly volume, only compared to the average for the first week of this year. $5 billion volume has been achieved.
