XRP ETFs See Significant Inflows Amid Ripple Developments
- Five U.S.-listed spot XRP exchange-traded funds (ETFs) reported $25.8 million in net inflows on Monday, the largest since January.
- Cumulative net inflows across all XRP spot ETFs now total $1.35 billion, with net assets at $1.18 billion, about 1.3% of XRP’s market cap.
- Every XRP fund increased by over 4% on Monday, while the underlying token rose by 1.2% to $1.47.
- Ripple secured a $200 million debt facility to support its multi-asset prime brokerage platform, Ripple Prime.
- Ripple completed a pilot tokenized U.S. Treasury settlement on the XRP Ledger with JPMorgan and Mastercard, processing transactions in under five seconds.
The inflows into XRP ETFs coincide with Ripple’s recent achievements and institutional interest in its services, indicating growing confidence among investors in the token’s utility beyond speculation.
Despite these developments, XRP remains down by approximately 39% over the past six months from its July high near $3.65.(Source)
