XRP ETF Inflows Top $1.5 Billion Amid Token Price Struggles
U.S. spot XRP ETFs have attracted a significant amount of capital despite XRP's struggles to reach $1.
The cumulative net inflows have reached approximately $1.51 billion, showing continued demand for exposure to the token.
A notable divergence has been observed between ETF capital and XRP's price performance. While the token price has weakened, the ETF capital has remained relatively resilient.
According to the latest data available through August 14, XRP ETFs finished the week with net inflows, albeit at a slower pace than previously seen.
The three largest contributors to the $1.51 billion in cumulative inflows are Bitwise, Canary, and Franklin Templeton, accounting for approximately $510 million, $468 million, and $426 million, respectively.