U.S. XRP ETF Continues 12-Day Streak of Net Inflows…Pulls in $820 million

JOON HYOUNG LEE

Summary

It reported that the U.S. XRP spot ETF has continued net fund inflows for 12 consecutive days since its launch.
It said the XRP spot ETF's cumulative net inflows were $824,000,000 and net assets were $850,000,000.
It reported that Fidelity, Franklin Templeton, and Invesco, among others, have applied to list XRP spot ETFs.

*U.S. XRP spot exchange-traded fund (ETF) net inflow/outflow trend. Photo=SosoValue*

The U.S. XRP spot exchange-traded fund (ETF) has continued a 12-day streak of net fund inflows since its launch.

On the 3rd (local time), according to on-chain analytics firm SosoValue, the XRP spot ETF recorded 12 consecutive days of net fund inflows from the 14th of last month through the 2nd of this month. As of that date, the cumulative net inflows into the XRP spot ETF amounted to $824,000,000 (about KRW 1.2 trillion).

The net assets of the XRP spot ETF stood at $850,000,000 (about KRW 1.25 trillion) as of that date. CoinDesk said, "(The XRP spot ETF) has established itself as the fastest-growing segment among major cryptocurrency assets," adding that "assets are on the verge of surpassing $1 billion."

New XRP ETFs are also expected to be launched one after another. According to the U.S. Depository Trust & Clearing Corporation (DTCC), major investment banks (IBs) such as Fidelity, Franklin Templeton, and Invesco have applied to list XRP spot ETFs.

XRP