Institutional investors are continuing to invest heavily in XRP following Ripple’s partial win against the SEC. The judge ruled that $728 million worth of contracts for institutional sales did constitute unregistered securities sales. However, investors and Ripple Labs see the ruling as positive. CoinShares reported that institutional investors put $29 million into digital asset investment products, possibly due to lower-than-expected US inflation data, which reduces the likelihood of a September rate hike. Bitcoin remains the primary focus for investors, with $27 million flowing into large funds designed for accredited investors.
AI Sentiment: Positive
