XRP ETFs See Strong Institutional Demand, Total Inflows Top $1.79 Billion

The XRP ETF market is experiencing strong institutional demand, with the Canary Capital spot XRP ETF recording a $3.96 million inflow on September 28. This brings total inflows across US XRP ETFs to over $1.79 billion.

Canary's spot XRP ETF now has a total net asset value of over $372.1 million, with the inflow representing approximately 2.57 million XRP tokens at the current price of around $1.54 per token.

The growth in demand for XRP through spot ETFs is driven by institutional investors' increasing comfort with the cryptocurrency's long history and its connection to real-world use cases, such as stablecoins, cross-border payments, and liquidity.