XRP ETF Inflows Hit Seven-Month High, Institutional Demand Remains Strong

XRP's recent surge in price is being driven by steady momentum from institutional investors through XRP spot ETFs. The market saw its highest seven-month net inflows on August 26, with a total of $28.14 million pouring into these investment products.

Bitwise led the day with approximately $13.12 million in inflows, bringing its cumulative historical net inflows to around $575 million. Franklin Templeton followed closely with roughly $9 million in net inflows.

The six-day total of XRP ETF inflows reached a substantial $77.47 million before August 26's surge, highlighting continued demand for the cryptocurrency from institutional investors.