Crypto
XRP ETFs Attract $14.8M in Inflows Ahead of v3.3.0 Network Upgrade
The XRP Ledger v3.3.0 upgrade is expected to bring significant enhancements to the platform's utility in tokenization, institutional finance, and decentralized finance.
As investors position themselves for this upgrade, XRP exchange-traded funds (ETFs) have seen $14.8 million in inflows this week, pushing cumulative net inflows beyond the $1.50 billion mark.
The asset was trading at $1.0575, just above its year-to-date low of $1.00, while technical indicators suggest a potential bottoming pattern is forming after months of consolidation.
Bitwise's XRP ETF leads the pack with over $315 million in assets under management (AUM), followed by Franklin Templeton ($254 million) and Canary Capital ($245 million).