Ripple remains bullish despite market correction… Institutional investment inflows reach $145.8 million in 7 days

Amid last week's overall correction in the cryptocurrency market, XRP reportedly received significant interest from institutional investors.
On the 16th (local time), U-Today cited the latest report from CoinShares, stating that XRP
The company reported that it recorded $145.8 million in inflows from corporate investors over the past seven days. This inflow was a major bottom-line buy that occurred when the price of XRP fell to $1.93.
XRP's appeal to institutional investors is also reflected in its competitiveness with Bitcoin and major altcoins. XRP recorded inflows of over $145 million, while
Bitcoin recorded an inflow of $2 billion (approximately 307.7 billion yen) during the same period. Ethereum saw over $1 billion in inflows, while Solana saw only $1.7 million (approximately 307.7 billion yen) in inflows during the same period.
XRP recorded an inflow of $280 million (approximately 43 billion yen) in the past month, leading all altcoins except Ethereum.
The appeal of XRP stems from multiple factors. Last week, Ripple Labs Inc. announced that it had received approval from the New York Department of Financial Services (NYDFS) to issue RLUSD.
This important update brings a positive signal for the growth of XRP by providing deep liquidity. The RLUSD stablecoin will complement XRP and facilitate trading.
It is expected that it will be utilized in cryptocurrency and payment platforms, increasing the overall utility of the coin.