Institutional Interest in Spot XRP ETFs Gains Momentum
- US-listed spot XRP ETFs saw $9.1 million in net inflows on April 10, the highest since February.
- Cumulative net inflows into these ETFs have reached $1.22 billion since their launch.
- Seven spot XRP ETFs in the US collectively hold approximately 771.7 million XRP tokens, representing about 1.16% of XRP’s market capitalization.
- The total assets under management for these ETFs are around $959.40 million as of April.
- Exchange-held XRP has decreased by about 45%, indicating a thinning supply on exchanges.
Spot XRP ETFs are becoming significant players in the market by absorbing a measurable portion of the token’s supply, which could influence price dynamics due to reduced availability on exchanges and consistent demand from institutional investors.
The recent inflows highlight growing institutional confidence in XRP, with ETFs now holding a notable share of its circulating supply, potentially impacting its market structure significantly if trends continue.
