U.S. Spot XRP ETFs Draw $32.93 Million Amid Token's Recovery
The U.S. spot XRP exchange-traded funds (ETFs) have seen significant inflows in recent trading sessions, with about $32.93 million drawn over Sept. 23-24.
On Sept. 24 alone, the funds recorded $14.89 million in net inflows, following $18.04 million on Sept. 23. Bitwise led the latest session with $9.91 million, while Franklin Templeton recorded $4.98 million.
The five listed products held about $1.70 billion in combined assets and have seen cumulative net inflows reach $1.76 billion.
Bitwise's fund held 401.42 million XRP on Sept. 23, an increase of 14.18 million tokens from two days earlier, valued at about $613.89 million.
XRP traded near $1.56 on Sept. 25, up about 2% during the session but still below the $1.60 level.