Ethereum · The Block
Spot XRP (XRP) exchange-traded funds in the U.S. recorded their largest daily net inflows in over four months on Monday
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According to data from SoSoValue, the XRP funds logged $25.8 million in positive flows on Monday, across three funds.
Key facts
- Meanwhile, XRP's price is up 1.23% in the past 24 hours to trade at $1.47 as of 5:00 a.m. on Tuesday, ET
- We haven't seen a sharp move yet because $25M+ is still modest relative to XRP's $90B market cap and deep liquidity," Adziima said
- Monday's inflows were the largest daily net inflows since Jan. 5, when the funds reported a combined inflow of $46 million
- Solana ETFs also recorded $26.6 million in net inflows on Monday, their largest since Feb. 25
Summary
Spot XRP (XRP) exchange-traded funds in the U.S. recorded their largest daily net inflows in over four months on Monday. Monday's inflows were the largest daily net inflows since Jan. 5, when the funds reported a combined inflow of $46 million. "Capital is rotating back into crypto as a maturing asset class, with XRP benefiting from post-regulatory clarity and its real-world utility in payments," said Andri Fauzan Adziima, research lead at Bitrue Research Institute. Major institutions have recently selected the XRP ledger to test blockchain-enabled payment rails.