XRP ETFs Soar as Inflows Surge, But Federal Reserve Hike Looms

XRP ETFs have seen significant new inflows over the past three months, with $127 million in fresh assets flowing into the funds.

However, XRP has pulled back recently, falling 5% in the last week due to inflation data and the rising probability of a Federal Reserve interest rate hike.

The Bitwise XRP ETF is the largest XRP ETF by assets under management (AUM), with $520 million in AUM. It's had an eight-week run of asset growth, which could be beneficial for XRP as it reduces supply and stabilizes the market.

Despite this, investors are advised to approach XRP with caution due to potential macroeconomic factors weighing on its performance.