XRP Futures and ETF Inflows Surge Amidst Price Fluctuations
- XRP futures open interest has increased by 23% in May, indicating growing trader interest.
- Spot XRP exchange-traded funds saw nearly $26 million in inflows on a single day, reaching a cumulative net inflow record of $1.35 billion.
- Broader XRP exchange-traded products attracted almost $40 million for the week ending May 8, with year-to-date net inflows at $191 million.
- XRP’s total assets under management across spot ETFs now stand at $1.18 billion.
- Social media sentiment around XRP reached a two-year high, supporting bullish market trends.
Despite XRP trading about six percent below its recent high of $1.50, institutional investments continue to grow significantly, as evidenced by substantial ETF inflows and rising futures open interest.
The increase in market activity and positive social sentiment suggests potential for further price gains, though the sustainability of this momentum remains uncertain.(Source)
