Ripple’s June XRP Unlock Meets Record ETF Demand
- Ripple released 1 billion XRP from escrow on June 1, as part of its monthly programmatic schedule.
- U.S. spot XRP ETFs recorded $118.29 million in net inflows in May, the strongest month of the year.
- XRP traded near $1.27, down roughly 4% over a day, amid broader market softening.
The release of XRP from escrow is closely watched as it represents the largest scheduled supply event each month. Despite this influx, most of the XRP is typically re-locked into new escrow contracts, minimizing its impact on circulation.
In May, U.S. spot XRP ETFs saw record inflows despite a dip in token price to $1.27, indicating sustained institutional interest and potential resilience against market trends. (Source)
