XRP ETF Market Surges Towards $2 Billion Milestone
The XRP ETF market is close to reaching a significant milestone of $2 billion in assets under management. According to SoSoValue and XRP Insights, net inflows into spot XRP ETFs totaled $18.04 million on September 23. This was despite the token's price falling by 5-6% that day.
Notably, capital flowed into regulated products when investors could have taken a wait-and-see approach. However, institutional investors appear to be focused on building long-term positions in XRP.
The two leading funds - Bitwise XRP ETF and Franklin XRP ETF - attracted the lion's share of the funds, with inflows of $11.54 million and $6.50 million respectively. The combined AUM of the seven approved U.S. ETFs has reached $1,797.93 million.
With daily trading volume of $63.13 million and total cumulative inflows of $1.748 billion, the XRP ETF infrastructure is showing a level of stability that comparable funds have lacked in recent weeks.