XRP Sees Best ETF Week Since May as $40 Million Flows In

XRP has posted its best ETF week since May, with nearly $40 million in fresh capital flowing into its spot and ETF markets.

The asset's price rallied by over 20% on August 21st, causing its ETFs to record $18.38 million in net inflows that day alone.

This influx of capital has pushed the total cumulative net inflows for XRP ETFs to a massive $1.55 billion since they launched late last year.

Bitwise continues to be a major player in the XRP market, with its XRP ETF boasting over $443 million in net assets after attracting $16.89 million in fresh capital.

This surge in demand for XRP is part of a broader crypto market resurgence, with XRP's price rallying by nearly 60% over the period.