U.S. XRP ETF records net inflows for 19 consecutive trading days… "Wall Street buying pressure shows no sign of stopping"

JOON HYOUNG LEE

Summary

SoSoValue said the U.S. XRP spot ETF recorded net inflows for 19 consecutive trading days.
It reported cumulative net inflows of $975 million and total net assets of $1.18 billion.
The market is dominated by bullish sentiment, and assessments say Wall Street's buying pressure shows no sign of stopping.

The U.S. XRP spot exchange-traded fund (ETF) recorded net inflows for 19 consecutive trading days.

On the 14th (local time), according to cryptocurrency data analytics firm SoSoValue, the U.S. XRP spot ETF recorded net inflows for 19 consecutive trading days as of the 12th. The XRP spot ETF has not experienced net outflows since its launch on the 14th of last month.

Cumulative net inflows were $975 million (about 1.45 trillion won). Total net assets stood at $1.18 billion (about 1.75 trillion won), approaching $1.2 billion.

Giannis Andreou, chief executive officer (CEO) of cryptocurrency mining firm Bitmern Mining, recently said via X that "Wall Street's (XRP) buying pressure has not stopped," and that "(the XRP ETF's) recent flow is closer to an accumulation pattern that appears before a market narrative shift."

Market sentiment is also said to be predominantly bullish. On-chain analytics firm Santiment said, "XRP continues to see clashes between buying and selling forces," adding, "bullish sentiment predominates across social media."

Meanwhile, XRP was trading at $2.01 on CoinMarketCap as of 3:15 p.m. (Korean time), down 0.98% from the previous day. That is about 1.8% lower compared with a week ago.

XRP