XRPC ETF Sees Fresh Inflows Amid XRP's Strong Rally
The Canary XRP ETF's XRPC saw significant inflows this week, with $3.09 million invested on September 1, bringing its assets under management to $364.25 million and shifting roughly 0.85% of its capital base in a single session.
This influx of funds is notable, especially considering the choppy state of digital-asset markets. The related asset, XRP-USD, has been on a three-month tear, increasing by about 25.3%, outpacing many large-cap tokens and capping off with a price around $1.4198.
Short-term momentum remains robust for XRP, with its one-day technical signal flashing Strong Buy, which may explain the fresh demand for exposure via the ETF vehicle. While this inflow represents less than 1% of XRPC's overall size, it can be meaningful at the margin, particularly when combined with improving price action in the underlying asset.