XRP ETFs record $1.7 billion in inflows after eight straight green weeks

  • Ripple’s XRP ecosystem saw ETF expansion, RLUSD growth and an XRP Ledger bug fix.
  • XRP ETFs exceeded $1.7 billion in cumulative net inflows after eight consecutive green weeks.
  • XRP traded around $1.38 after a 4% daily decline, according to CoinGecko.

XRP remains a major focus in crypto markets as spot XRP ETFs post eight consecutive weeks of net inflows exceeding $1.7 billion. Products are offered by Bitwise, Franklin Templeton, Canary Capital, 21Shares and Grayscale, while additional filings could broaden investor access. T. Rowe Price reportedly updated a multi-asset crypto ETF filing, assigning XRP a 9.15% weight, and Exchange Listed Funds Trust filed a proposed 75/25 strategy combining the S&P 500 with XRP, subject to SEC (U.S. securities regulator) approval. Ripple’s dollar-pegged stablecoin (cryptocurrency designed to track a currency), RLUSD, has expanded through Japanese regulatory approval, institutional support and new access options, with its market capitalization approaching $2.5 billion. The XRP Ledger fixed a vulnerability in Permission Delegation before any known exploitation or fund losses. XRP has traded between $1.36 and $1.47 over the past week and was around $1.38 after a 4% daily decline, with the CLARITY Act and next week’s FOMC meeting among potential sources of volatility. Analysts cited in the report offered highly bullish long-term views, including a $60 target from Ali Martinez and David Schwarz’s argument that XRP could eventually surpass Bitcoin’s market position through faster growth.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.