U.S. XRP ETF's Net Assets Surpass $1.2 Billion…Token Price 'Sluggish'

The total net assets of U.S. XRP (XRP) spot exchange-traded funds (ETFs) surpassed $1.2 billion (about 1.7 trillion won).

On the 25th (local time), according to SosoValue, the total net assets of U.S. XRP spot ETFs were $1.25 billion (about 1.8 trillion won) as of that day. CoinDesk reported, "Institutional investors are increasing their XRP exposure through ETFs," adding, "It shows that professional investors are gradually increasing positions via regulated financial products rather than chasing short-term spot prices."

Inflows into XRP spot ETFs have also continued. According to SosoValue, XRP spot ETFs recorded net inflows for 28 consecutive trading days as of the previous day (24th). Cumulative net inflows amount to $1.14 billion (about 1.6 trillion won).

However, the price of XRP has continued to be sluggish. As of 4:40 p.m. that day, XRP was trading at $1.87 on CoinMarketCap, up 0.96% from the previous day. Compared with one month ago, it has fallen more than 16%.

CoinDesk said, "(XRP) recently showed moves to break above the short-term range top, but it did not lead to a trend reversal," adding, "(Fund flows, such as ETFs,) have become an important factor."