XRP Spot ETFs See Record-Breaking $100 Million Inflows Amid Resurgence in Buyer Confidence
Spot XRP exchange-traded funds (ETFs) have seen their highest weekly cash inflow in nine months, exceeding $100 million during the week of August 24. According to data from SoSoValue, these funds collectively held approximately $1.44 billion in total assets last week.
The top-performing spot XRP ETF was Bitwise XRP ETF (XRP), with a total inflow of $59.95 million and net assets valued at $502.75 million. Franklin XRP ETF (XRPZ) followed closely, with an inflow of around $28.70 million and net assets worth $367.43 million.
Since July 17, these funds have attracted a total of $183.32 million in cash inflows, signaling a strong resurgence in buyer confidence and market sentiment for XRP. Despite a price drop of 8.23% in seven days, trading near $1.37 at the time of writing, analysts believe that this altcoin could be preparing to rally towards a new local high.