XRP ETF Demand Continues to Soar Amid Strong Institutional Interest

The 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 marks the continuation of an 11-week streak of consecutive net inflows in the XRP ETF market. Total net inflows across the five active funds now exceed $1.79 billion, with combined net assets growing by 80% in Q3.

Bitwise CIO Matt Hougan attributed the steady demand to XRP's long history and connection to real-world uses. He noted that financial advisers are more comfortable with XRP due to its stablecoins, cross-border payments, and liquidity features.