XRP ETFs Draw Near $40 Million as Price Rally Fuels Demand
XRP has seen significant growth in recent weeks, both in its spot and exchange-traded fund (ETF) markets. According to data from SosoValue, XRP ETFs have attracted nearly $40 million in net inflows during the week, with fresh capital entering the funds on almost every trading day.
This marks a notable turnaround after several weeks of limited inflows and relatively subdued institutional demand for XRP investment products. The largest influx occurred on August 21, coinciding with a major surge in the XRP price. The cryptocurrency gained more than 20% within 24 hours, while XRP ETFs registered $18.38 million in net inflows that day alone.
The latest wave of institutional investment has lifted cumulative net inflows into XRP ETFs to approximately $1.55 billion since the products launched late last year. This milestone highlights growing investor exposure to XRP through regulated investment vehicles as sentiment toward the broader cryptocurrency market improves.