XRP ETF Inflows Surge to Record High Amid Price Weakness
XRP ETF inflows surged to $5.64 million on August 31, led by Canary's massive injection of $4.71 million in fresh capital.
Cumulative inflows reached an impressive $1.669 billion, while total assets stood near $1.455 billion across tracked products.
The recent influx of funds is a notable divergence between capital demand and XRP's underlying price performance, which has weakened in recent times.
The daily inflow chart shows that Canary accounted for approximately 84% of the combined $5.64 million, while Bitwise supplied the remaining portion from two active products.
Historical flows reveal a mixed picture, with stronger inflows during XRP's earlier periods and larger individual daily inflow readings.
The pattern changed around February as outflows coincided with a weakening market phase, but recent activity shows a different trend with green inflow bars becoming more frequent as XRP approached depressed price levels.
Cumulative demand has reached new scales, with $1.669 billion in historical inflows and total assets under management reaching approximately $1.455 billion across tracked products.