Smart Money is Pouring Into ETH, XRP, HBAR, and SUI

• Ethereum saw $700 million in ETF inflows, with whales pulling $393 million
• Rumors of a BlackRock XRP ETF are going around
• SUI experienced a 300% surge in trading volume recently, coinciding with Nasdaq’s filing for a 21Shares spot SUI ETF

An X post from Altcoin Buzz states that there is a big institutional interest in cryptocurrencies such as ETH, XRP, HBAR, and SUI. 

More precisely, Ethereum saw $700 million in ETF inflows, with whales pulling $393 million. From the looks of it, Pectra upgrade and improving the US regulatory outlook (for instance, SEC softening on DeFi) are boosting sentiment.

While Ethereum is an institutional favorite, other cryptocurrencies saw some good numbers as well. XRP recorded $19 million in inflows in early June, and there are rumors of a BlackRock XRP ETF going around. Additionally, Nasdaq-listed Weebis International has plans for a $300 million XRP-backed reserve.

Smart money also set its eyes on HBAR (Hedera), where the cryptocurrency has recently seen approximately $185 million in inflows, tied to enterprise adoption, AI use case partnerships, and the launch of a 21Shares ETP (exchange-traded product) on Euronext.

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