Increasing the organizational capital entering the Ripple market
Over the past week, we've seen corporate investors turn their attention to Ripple (XRP), with assets under management (AUM) or their XRP investment products almost doubling.
According to the CoinShares Digital Asset Fund's weekly capital inflows, approximately $ 33 million in capital has flowed into XRP products this week, raising its managed assets (AUM) to $ 83 million.
The report cites the $ 233 million injection of corporate funds, citing this week as the uppermost period since early March (mid-March) for enterprise cryptographic products.
Bitcoin products, valued at about $ 50 billion, account for nearly 78% of the total assets under corporate management. Ether followed with $ 10.7 billion, or 16.8%, of cryptocurrencies.
In addition to the huge inflow of capital, corporate trading volume has also increased, reaching 59.8 billion dollars, up 59% since the beginning of the week.
With $ 50 billion in assets, Grayscale owns 77% of the cryptocurrencies under the management of organizations; CoinShares then accounted for about 9% of the total assets of the sector with $ 5.7 billion and 3iQ with $ 1.9 billion accounted for about 3%.
Demand for cryptographic corporate products appears to be growing in North America, with Canadian regulators launching three tradable Atrium funds last week.