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U.S. Labor Department mulls 401(k) rule changes as XRP sees surprise net inflows

Investment products linked to XRP recorded $15.8 million in net inflows last week, while major cryptocurrency products including bitcoin and ether saw total net outflows of $414 million, CoinShares data showed. Outflows were concentrated in the United States and led by ether funds. CoinShares cited investor concerns over a possible escalation in Iran-U.S. tensions and renewed inflation worries. The moves coincided with U.S. discussions on expanding 401(k) plans into alternative assets.