XRP ETF Clients Add $6.04 Million, Lifting Net Assets to $1.42 Billion

XRP spot ETFs drew $34.21 million in net inflows during the May 4 to May 8 U.S. trading week, while total net assets were reported at $1.12 billion and cumulative inflows reached $1.32 billion.

XRP

Summary

XRP spot ETFs recorded $34.21 million in net inflows during the May 4 to May 8 U.S. trading week. Canary ETF XRPC led weekly inflows with $13.54 million, followed by Bitwise ETF XRP with $12.36 million. The update reported total XRP spot ETF net assets at $1.12 billion and cumulative net inflows at $1.32 billion. These figures differ from the earlier topic data, which had cited a $6.04 million client purchase and $1.42 billion in net assets, so both sets of figures remain on record pending clarification.

Terms & Concepts
  • XRP: XRP is a digital asset associated with the XRP Ledger, a blockchain network designed for payments and value transfer.
  • ETF: An exchange-traded fund is an investment vehicle that trades on an exchange and gives investors exposure to an underlying asset or basket of assets.
  • Net inflows: Net inflows measure the amount of money entering a fund after subtracting withdrawals over a given period.