Summary
- Total net inflows into spot XRP ETFs amounted to $1,844,600 last week.
- The Bitwise XRP ETF and the Franklin XRP ETF (XRPZ) recorded net inflows of $2,521,300 and $1,529,600, respectively.
- Total net asset value (NAV) for spot XRP ETFs is $1.02 billion, and the ETF net asset ratio is 1.18%.
Spot XRP exchange-traded funds (ETFs) posted net inflows last week.
According to crypto-focused outlet Odaily on the 23rd, SoSoValue data showed that spot XRP ETFs saw total net inflows of $1,844,600 (about 2.6 billion won) over the previous trading week (16–20).
On a weekly basis, the product with the largest inflows was the Bitwise XRP ETF, which recorded net inflows of $2,521,300. Cumulative net inflows for the ETF were tallied at $364 million. The Franklin XRP ETF (XRPZ) posted net inflows of $1,529,600, bringing its cumulative net inflows to $330 million.
By contrast, the Grayscale XRP Trust (GXRP) saw net outflows of $2,206,200. Still, GXRP’s cumulative net inflows were calculated at $129 million.
Meanwhile, total net asset value (NAV) for spot XRP ETFs stands at $1.02 billion. The ETF net asset ratio (the share of ETF market capitalization in XRP’s total market capitalization) came in at 1.18%. Historical cumulative net inflows amount to $1.23 billion.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
