Crypto
XRP ETFs Soar as Ripple Token Hits 7-Month High
Ripple's native token XRP has been on a tear lately, and its exchange-traded funds (ETFs) are reflecting that surge. According to recent data, these ETFs have seen their best week since May, with XRP hitting a 7-month high.
The spot XRP ETFs had struggled for months with low investor demand, particularly in August when flows were scarce. However, last week saw a significant pickup in demand, indicating renewed adoption and potential positive market impact for XRP and crypto ETF inflows.
This uptrend is particularly notable given the recent struggles of these ETFs. Despite being mostly in the green, they had experienced months of weak investor interest, with August being one of the worst periods in terms of demand.