XRP ETF: Institutional Funds Flood In After Quiet Period... Will it Hit a 2-Week High?

▲ XRP ETF/ChatGPT generated image

The XRP ETF market has seen its largest daily inflow of funds in about two weeks. Breaking away from a trend of almost no new fund inflows in recent days, institutional investor demand appears to be revitalizing.

U.Today reported on May 6, citing data from the ETF tracking platform SosoValue, that XRP ETFs recorded a total net inflow of $11.28 million in the latest 24-hour trading session. This figure represents the largest single-day inflow recorded in over two weeks.

The original text stated that the XRP ETF market showed a clear recovery in daily fund flows compared to the previous week. As new fund inflows had been limited in recent days, this net inflow is highly significant as it indicates a revival of investor sentiment for XRP ETFs.

With this inflow, the cumulative net inflow for XRP ETFs has reached $1.31 million. U.Today explained that the XRP ETF market has maintained steady growth since its launch late last year, recording a combined net asset of $1.09 billion even amidst a slowdown earlier this year.

The largest fund inflow came from the Canary XRP ETF. Investors poured $7.5 million into this fund in one day, making Canary the top XRP ETF in terms of inflow for the day.

The Bitwise XRP ETF also followed, recording an inflow of $2.68 million on the same day. U.Today presented the fund flows into Canary and Bitwise as a sign of expanding institutional investor demand in the XRP ETF market.

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