XRP ETF Inflows Surge to Nearly $40M Amid 20% Price Jump
XRP exchange-traded funds (ETFs) attracted nearly $40 million in inflows over one week, driven by a sharp 20% price increase on August 21. This surge marks the highest weekly inflow since May and brings total XRP ETF inflows to about $1.55 billion since their launch.
The rally lifted XRP prices by nearly 60% over the period, reigniting interest from both retail and institutional investors. Bitwise's XRP ETF led inflows during this time.
The growing demand for XRP ETFs reflects improving sentiment in the broader cryptocurrency market and suggests stronger institutional appetite moving forward.