XRP ETFs Flooded with $110M as Price Rally Stalls
The XRP ETF market has seen a significant turnaround in recent weeks, with fresh capital pouring in. Data from SosoValue shows that daily inflows have increased substantially since mid-August. The largest weekly inflow this year was recorded last week, with over $110 million flowing into the funds.
This marks a return to levels seen when XRP ETFs launched late last year. Although participation had reduced in recent months, the latest data indicates that institutional investors are once again showing interest in these investment products.
However, the XRP price itself has slowed down from its recent rally, dropping below $1.37. This modest decline comes after a significant price increase just days ago, when it reached a high of around $1.60.