XRP ETFs Flooded with $40M as Price Jumps Nearly 60% in Just One Week

XRP exchange-traded funds (ETFs) experienced their largest weekly inflow since May after the price of XRP jumped nearly 60%. The surge in demand was highlighted on August 21, when XRP's price rose over 20% in 24 hours, attracting $18.38 million in ETF inflows.

This momentum pushed cumulative XRP ETF inflows to $1.55 billion since their launch. Institutional investors, led by Bitwise, continued to increase their holdings, with Bitwise's XRP ETF reaching $443.46 million in net assets.

The renewed interest signals growing confidence in XRP amid a broader crypto market recovery. The price of XRP surged 40% over the past week to $1.40, its highest since May 18, driven by a Bitcoin rally surpassing $77,000.