212% increase was seen in XRP spot purchase volumes, outpacing the sell side by over two times. Singapore-based crypto exchange Bitrue stated it has recorded a surge in XRP activity even as broader institutional appetite for the cryptocurrency grows. In a tweet, Bitrue said it recorded a 212% increase in XRP spot purchase volumes, outpacing the sell side by more than two to one. The surge, Bitrue said, coincided with an accumulation of XRP that has been ongoing from institutional investors since the launch of XRP ETFs.

Since launching in mid-November, XRP exchange-traded funds have posted positive weekly inflows with only limited outflow days. XRP has attracted a net total of $1.1 billion in assets while recording positive total inflows weekly and negative outflows for only five days. Bitcoin ETFs have recovered from the low capital intake seen every day over the past weeks as institutions appear to be regaining interest following the ongoing price rebound. On Wednesday, Feb. 25, data from SosoValue shows that the Bitcoin ETF recorded a strong resurgence in demand, as it has posted $506.51 million in daily net inflows over the last trading session.

The massive inflow has come after multiple weeks of little-to-no demand from investors due to prolonged volatility. BlackRock has achieved the highest inflow among the pack, accounting for over 58% of the total inflow recorded on the same day. Dogecoin, the king of meme coins, rebounded from a low of $0.09335 to surge past the $0.10 resistance level. Dogecoin jumped by over 7%, outperforming Bitcoin (BTC), to which it maintains a correlation.

Dogecoin reclaims $0.10 as price jumps 8% in 24 hours. The meme coin soared to an intraday peak of $0.1057 as both price and volume flipped green once more after days of market uncertainty. Bitcoin also recorded gains, but the leading cryptocurrency only managed a 4.35% uptick within the same period. Dogecoin’s upsurge is largely driven by capital rotation into the meme coin sector as investors embarked on a buyback of assets previously dumped.

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