XRP ETFs Achieve $1.7 Billion in Inflows Amid Price Stagnation
- U.S. spot XRP ETFs have accumulated over $1.7 billion in net inflows since launch.
- Seven XRP ETFs launched in November, attracting $1.3 billion in their first month.
- Goldman Sachs was the largest holder of XRP ETFs with $153.8 million before exiting its position.
- Ripple’s RLUSD stablecoin grew from $72 million to approximately $1.6 billion since its launch.
- XRP’s price has remained between $1.35 and $1.45 as of mid-September, significantly lower than its peak in the previous year.
Despite substantial institutional interest and growing utility, including a large supply of RLUSD on XRPL surpassing Ethereum, XRP’s price has not reflected this demand adequately.
As XRP ETFs are projected to reach up to $4 billion in inflows, the token continues to face challenges with price appreciation despite significant market activity and adoption efforts.
