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Crypto

XRP Spot ETFs Soar Amid Price Pullback

Guavy AI Editorial Team
Instruments
XRP LUSD
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XRP spot exchange-traded funds (ETFs) saw significant inflows in August, totaling $153 million. This represents the highest monthly total since their inception in November last year.

The cumulative inflows for XRP ETFs have reached $1.66 billion with assets under management of $1.4 billion. Meanwhile, Ripple's stablecoin, RLUSD, has crossed $2.32 billion in total assets, with over $1 billion issued on the XRP Ledger.

The price of XRP fell to $1.3955 from a high of $1.6930, supported by the 50-day moving average. This divergence between rising fund assets and falling spot prices highlights shifting market dynamics for the asset.

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