XRP ETF Inflows Hit Record $1.55B Amid Coinbase Whale Speculation
XRP's US spot ETFs have seen significant inflows in recent weeks, reaching a record $1.55 billion in cumulative net inflows.
Last week alone, these funds drew $39.78 million, their strongest weekly inflow in over three months.
This surge in demand coincided with XRP's price rebound from its early-August lows, which saw the token climb about 70% within 72 hours to a seven-month high of $1.70.
The three largest funds holding US spot XRP ETFs are Bitwise, Canary Capital, and Franklin Templeton, collectively accounting for most capital held by these funds.
Coinbase-linked whales may be controlling XRP near $1.51 through large buy and sell walls, according to analyst CW.