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Crypto

XRP ETFs See Best Week Since May Amid 60% Price Rally

Guavy AI Editorial Team
Instruments
XRP
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The past week has been extremely strong for XRP as its price regained momentum in both spot and ETF markets following a recent price rally.

XRP's ETF market saw its best weekly performance since May, with nearly $40 million in fresh capital flowing into the asset. The largest share of this inflow came on August 21st, when XRP rallied by over 20% within a 24-hour period and XRP ETFs recorded $18.38 million in net inflows.

This resurgence in demand for XRP ETFs has triggered an increase in their cumulative net inflows, causing them to rise to a massive $1.55 billion milestone since they launched late last year. Bitwise continues to lead the way in buying XRP, with the firm leading all XRP funds on positive trading days.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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