XRP Spot ETFs Record $9.47 Million Inflow on May 22
Franklin XRP ETF (XRPZ) provided all of the day’s net inflows, while total XRP spot ETF net assets reached $1.129 billion.
XRP
Summary
XRP spot ETFs drew $9.47 million in net inflows on May 22, according to the provided data. Franklin XRP ETF (XRPZ) accounted for the full amount of the day’s inflows, lifting its historical net inflow to $390 million. Across the market, XRP spot ETF net assets stood at $1.129 billion, while cumulative net inflows reached $1.407 billion. Spot ETFs track the market price of an underlying asset, giving investors regulated exchange-traded exposure without directly holding the token.
Terms & Concepts
- Spot ETF: An exchange-traded fund that holds or tracks the current market price of an underlying asset, allowing investors to gain exposure without directly owning it.
- Net inflows: The net amount of new money entering a fund after subtracting redemptions over a given period.
- Net assets: The total value of a fund’s holdings after liabilities, commonly used to measure fund size.