Canary Captures $3.96M in US Spot XRP ETF Inflows

The US spot XRP ETF market is experiencing strong institutional demand, according to recent data. Canary Capital's spot XRP ETF recorded a $3.96 million inflow on September 28, pushing its total net assets above $372.1 million.

This influx of capital adds to an even larger trend, with total net inflows across the five active funds now exceeding $1.79 billion. Their combined net assets have grown by 80% in Q3, reaching a record $1.79 billion.

The steady demand for XRP ETFs comes as the cryptocurrency attracts more attention from large investors. Bitwise CIO Matt Hougan attributes this to XRP's long history and its connection to real-world uses, such as stablecoins, cross-border payments, and liquidity.