The beginning of 2025 turned out to be quite stormy for the cryptocurrency market. According to the latest report from CoinShares, despite all the ups and downs and changing sentiment, XRP is the only altcoin that has seen major investments, earning $5.7 million.
It comes after a difficult end to 2024, which saw global digital asset inflows hit a record $44.2 billion, but the final two trading days of the year saw net outflows of $75 million, suggesting investors were cautious as the year approached.
XRP, on the other hand, has done surprisingly well. In 2024 alone, XRP-focused investment products saw an influx of $438 million, a staggering 2,433% increase from the previous year.
Much of this growth can be attributed to XRP’s recent progress in its legal battle with the SEC over Ripple. This helped establish the position of cryptocurrency as a non-security.
On top of that, the price of XRP jumped almost 500% at the end of 2024. The jump comes partly as people speculate about possible changes to U.S. regulations, especially after Gary Gensler left his post as SEC chairman on Jan. 20. new management, there is a chance that XRP’s market position could strengthen even further.
Overall, Bitcoin was still a major player in 2024 with $38 billion in inflows, representing about 29% of total assets under management. Ethereum also made a comeback at the end of the year with $4.8 billion invested.
But altcoins, excluding ETH, did not fare as they totaled $813 million, representing just 18% of total assets under management.
