XRP ETFs Record $643 Million in Net Inflows in First Month as Demand Surges

XRP spot Exchange Traded Funds (ETFs) recorded cumulative net inflows of $643.92 million in their first month, bringing total net assets to $676.49 million, which represents 0.50% of XRP's market capitalization. Leading issuers like Grayscale, Franklin Templeton, Bitwise, and Canary drove steady inflows, resulting in ETF-held XRP exceeding 0.5% of the total circulating supply. Despite volatility in XRP's market price, daily inflows remained positive for most of the month, with significant spikes on November 14 and November 24. This sustained inflow streak, evidenced by nine positive sessions in the last ten, suggests ongoing institutional accumulation and reduced liquid supply on exchanges. This positive performance contrasts with other recently launched altcoin ETFs, such as those for Dogecoin, which saw minimal interest. Furthermore, other asset managers, including 21Shares, are preparing to launch their own XRP ETFs, indicating growing regulatory clarity and sustained institutional confidence in XRP products.

(Source：BeInCrypto)