XRP ETFs Post Best Week of Inflows Since May
Key Takeaways
- •XRP ETFs attracted $39.78 million in net inflows last week, their best weekly result since May, according to data from SosoValue.
- •The largest single-day inflow occurred on August 21, when the funds took in $18.38 million as XRP rallied more than 20% within 24 hours.
- •Cumulative net inflows into XRP ETFs have reached a $1.55 billion milestone since the funds launched late last year.
- •Bitwise topped the weekly inflow tally with $16.89 million, and its XRP ETF now holds approximately $443.46 million in net assets.
- •XRP's price rose nearly 60% over the period amid a broader crypto market resurgence, driving renewed institutional interest in the funds.
XRP ETFs Post Best Week of Inflows Since May
XRP has just completed its strongest week for exchange-traded fund (ETF) inflows since May, as the asset regained momentum across both its spot and ETF markets following its recent price rally. Because ETFs trade on traditional exchanges and allow investors to gain exposure to an asset without holding it directly, weekly flow figures are widely watched as a gauge of institutional appetite for a token.
Over the period, the token's price turned sharply bullish in response to stronger demand from investors, and that shift carried over into the fund market, where XRP ETFs delivered their best weekly performance since May.
Nearly $40 million in fresh capital
Per data provided by SosoValue, a crypto market data platform that tracks ETF flows, XRP ETFs recorded steady inflows on nearly all days of the week, attracting a combined $39.78 million in net inflows.
The figure follows multiple weeks in which the funds saw little to no fresh capital, meaning last week's activity marks a major recovery from a prolonged period of relatively muted demand.
The largest share of the new capital arrived on August 21, the same day XRP rallied by more than 20% within a 24-hour period. On that day alone, the ETFs took in $18.38 million in net inflows.
The resurgence in demand lifted the products' cumulative net inflows to a $1.55 billion milestone since the funds launched late last year.
Bitwise continues to accumulate XRP
The recovery in XRP ETF flows came amid a broader crypto market resurgence, with XRP's price rallying by nearly 60% over the period and drawing attention to the leading altcoin, the native asset of the XRP Ledger used for cross-border payments and long associated with fintech firm Ripple.
Throughout the bullish momentum, institutional investors continued to seek exposure to the XRP product through Bitwise, a crypto-focused asset manager, with the firm leading all XRP funds on each of their positive trading days.
Bitwise also topped the latest inflow tally, posting a fresh capital intake of $16.89 million. The Bitwise XRP ETF now holds approximately $443.46 million in net assets.
With weekly flows back in positive territory after a quiet stretch, the next rounds of flow data will show whether demand persists beyond last week's rally and the funds build on the $1.55 billion cumulative milestone.
Originally reported by U.Today.
