Grayscale XRP Trust Sees $2.9M Inflows as Traders Build Positions
The Grayscale XRP Trust ETF (GXRP) has seen a significant influx of capital this week, attracting $2,984,300 in net inflows on September 10. This move has lifted conviction in the product, which now oversees $95,825,835 in assets under management, with the latest flow equal to just over 3.1% of total AUM.
The related asset XRP-USD is currently trading at $1.2906 after advancing 6.85% over the past three months. Despite this respectable medium-term climb, its one-day technical signal sits at Hold, suggesting traders are pausing to reassess momentum following the recent price grind higher.
Experts believe that a single-day injection of more than 3% of AUM often reflects portfolio rebalancing by larger players, potentially anticipating either higher volatility or a renewed upward leg in the broader altcoin complex. For now, GXRP's flows contrast with the relatively muted short-term technical picture for XRP itself, hinting that investors may be using sideways trading conditions to build positions at a perceived discount.