XRP ETFs Flooded with $38 Million in Inflows, But Price Remains Stagnant

XRP ETFs saw $38 million in inflows on September 22 and 23 after a prolonged period of little new investment. However, XRP's price still struggles to recover.

The inflows ended a flat stretch for XRP ETFs, with Bitwise's fund leading the charge on both days. Franklin Templeton's fund surpassed Canary's to become the second-largest by total inflows, accounting for roughly 1.8% of XRP's market value.

Despite the positive inflows, XRP's price declined, and exchange trading far exceeds ETF volume. On September 23, around $4.2 billion worth of XRP was traded, with the $18 million inflow accounting for just 0.4% of that activity.