21Shares XRP ETF Launches Amid Surge in Institutional Inflows
- The 21Shares XRP ETF is set to launch on Monday, marking it as the fifth XRP ETF to debut in the U.S. market within a week.
- Earlier this week, Grayscale and Franklin Templeton also launched their respective funds, with GXRP and XRPZ recording first-day flows of $67.36 million and $62.59 million, respectively.
- Institutional inflows into these products reached $666 million within less than a month, bringing total net assets to approximately $687.81 million.
- No outflows were recorded during this period, with the highest inflow occurring on November 14 at $22.68 million.
- This accumulation has decreased the liquid supply of XRP on exchanges as tokens are stored in regulated vaults by custodians.
The launch of the XRP ETF reflects growing investor interest, evidenced by significant institutional inflows totaling $666 million in under a month, which constitutes about 0.52% of XRP’s total market cap.
As more ETFs enter the market, including those from Grayscale and Franklin Templeton, the trend indicates robust demand for regulated investment vehicles in cryptocurrency.(Source)
