Institutional Buying Fuels Bitcoin and XRP Rally
According to recent data on ETF flow, institutional investors have been favoring Bitcoin and XRP. The two assets saw significant inflows, with Bitcoin netting $32 million and XRP receiving a further $585,000 in investments. This renewed demand comes as both assets continue trading near key technical levels.
The increasing interest from institutional investors is also reflected in the growing activity of large traders. On-chain whale activity data shows that the number of trades over $100K has been rising substantially, indicating sustained capital deployment rather than short-term speculation.
Interestingly, a correlation analysis between Bitcoin and XRP revealed a coefficient of 0.30, suggesting that both tokens react to similar market drivers. This is particularly evident in their response to institutional investments, which seem to benefit both assets.